Moody's: China should speed up financial reforms
Updated: 2012-11-26 11:45
(cntv.cn)
|
|||||||||||
Rating agency Moody's forecasts that China will see its economy grow 7.5 percent each year from 2012 to 2014. But it also says that the world's second largest economy must accelerate the pace of financial reform in coming months, to sustain economic growth.
Moody's says expectations of steady expansion means China is unlikely to suffer any economic "hard landing", or abrupt slowdown, but it warns that the days of easy growth are over. It says financial reforms must be made to cut inefficiencies and make space for a more market-driven system.
Related Stories
Wenzhou unveils financial reform details 2012-11-23 23:43
Financial reform on fast track, says PBOC 2012-11-20 17:44
China has 6,000 microcredit companies 2012-11-17 17:27
Plan calls for further rate liberalization 2012-09-18 09:11
China financial reform urged to offset risks 2012-09-13 02:21
Today's Top News
President Xi confident in recovery from quake
H7N9 update: 104 cases, 21 deaths
Telecom workers restore links
Coal mine blast kills 18 in Jilin
Intl scholarship puts China on the map
More bird flu patients discharged
Gold loses sheen, but still a safe bet
US 'turns blind eye to human rights'
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
All-out efforts to save lives |
Liaoning: China's oceangoing giant |
Poultry industry under pressure |
'Spring' in the air for NGOs? |
Boy set to drive Chinese golf |
Latest technology gets people talking |