European crisis to have limited impact on exports
Editor: 管理员 Date:2010-06-10 Hit:4977
%3CFONT%20face%3DVerdana%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EThe%20deepening%20debt%20crisis%20in%20Europe%20that%20has%20sparked%20fresh%20fears%20after%20reports%20of%20a%20potential%20debt%20crisis%20in%20Hungary%2C%20will%20only%20have%20limited%20impact%20on%20exports%20from%20China%2C%20especially%20if%20the%20European%20authorities%20are%20able%20to%20prevent%20the%20contagion%2C%20top%20economists%20said%20on%20Tuesday.%20%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EThe%20Hungarian%20crisis%20had%20triggered%20fresh%20woes%20that%20China%27s%20exports%20to%20Europe%2C%20its%20largest%20trade%20partner%2C%20would%20be%20affected.%20%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EThough%20a%20weak%20European%20market%20would%20certainly%20impact%20Chinese%20exports%2C%20most%20of%20the%20affected%20regions%20till%20now%20are%20not%20major%20trading%20partners%2C%20Boris%20Cournede%2C%20principal%20economist%20with%20the%20Organization%20for%20Economic%20Co-operation%20and%20Development%20%28OECD%29%2C%20said%20in%20Beijing%20on%20Tuesday.%20%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3E%22If%20the%20crisis%20could%20be%20controlled%2C%20it%20will%20not%20have%20much%20impact%20on%20China%27s%20exports%2C%22%20he%20said.%20%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3E%22The%20fiscal%20scenario%20of%20China%27s%20major%20partners%20like%20Germany%20and%20France%20is%20relatively%20healthy.%20Britain%20and%20Italy%20have%20potential%20risks%20but%20they%20are%20relatively%20under%20control%2C%22%20said%20Wang%20Haifeng%2C%20an%20economist%20with%20the%20Institute%20for%20International%20Economic%20Research%20under%20the%20National%20Development%20and%20Reform%20Commission.%20%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EExports%20will%20increase%20this%20year%20due%20to%20the%20low%20base%20of%20last%20year%2C%20but%20the%20prospects%20for%20exports%20to%20Europe%20and%20overall%20exports%20are%20%22not%20optimistic%22%2C%20Wang%20said%20at%20a%20forum%20hosted%20by%20the%20China%20Development%20Research%20Foundation%20in%20Beijing.%20%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EDuring%202009%2C%20the%20contribution%20of%20China%27s%20net%20exports%20to%20the%20GDP%20was%20a%20negative%203.6%20percent%20and%20many%20economists%20feel%20it%20ticked%20over%20to%20the%20positive%20terrain%20at%20the%20beginning%20of%20this%20year.%20%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EBut%20the%20Greek%20debt%20crisis%20and%20its%20subsequent%20fallout%20have%20raised%20fresh%20doubts%2C%20said%20Yu%20Yongding%2C%20an%20economist%20from%20the%20Chinese%20Academy%20of%20Social%20Sciences.%20%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EHe%20said%20that%20the%20European%20debt%20crisis%20is%20far%20from%20over%2C%20while%20the%20public%20debt%20situation%20in%20the%20United%20States%20still%20needs%20to%20be%20monitored%20closely.%20%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EChina%27s%20exports%20to%20Europe%20were%20%24236.28%20billion%20last%20year%2C%20about%2019.7%20percent%20of%20the%20nation%27s%20total%20exports.%20%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EThe%20large%20amounts%20of%20hot%20money%20flowing%20into%20emerging%20markets%20such%20as%20China%20due%20to%20the%20bleak%20outlook%20in%20Europe%2C%20and%20the%20economic%20overheating%20are%20greater%20risks%20in%20China%2C%20said%20economists.%20%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3E%22It%20is%20important%20to%20continue%20to%20move%20towards%20a%20more%20neutral%20monetary%20policy%20stance.%20This%20will%20involve%20some%20increase%20in%20interest%20rates%20and%20a%20more%20flexible%20monetary%20policy%20regime%2C%22%20said%20Cournede.%20%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EHe%20said%20the%20low%20interest%20rate%20policy%20would%20bring%20various%20problems%20to%20the%20economy.%20%22China%20should%20adopt%20a%20tighter%20monetary%20policy%20by%20the%20end%20of%20the%20year%20and%20increase%20interest%20rates%20in%202011.%22%20%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EHe%20said%20while%20economic%20growth%20in%20the%20eurozone%20region%20would%20remain%20weak%2C%20it%20is%20unlikely%20that%20a%20double%20dip%20recession%20will%20occur.%20%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3E%3C/FONT%3E%26nbsp%3B%3C/P%3E%3C/FONT%3E
