免费日韩片_欧美成人精品一区二区男人小说_国产乱码一区二区三区四区_国产精品国产三级国产aⅴ入口_成人看的污污超级黄网站免费_欧美一级在线免费观看_成人午夜免费无码福利片_国产乱人伦偷精品视频色欲_aaa少妇高潮大片免费看_国产精品1234_亚洲精品国产suv一区88_中文字字幕在线中文无码_精品亚洲区_午夜九九九_国产av国片精品jk制服丝袜_色综合亚洲_亚洲成av人片无码bt种子下载_欧美色就色_精品少妇的一区二区三区四区_男人用嘴添女人下身免费视频

National

Regional

Taiwan, HK, Macao

Special Coverage

Focus

Society

Profiles

Economists: Prepare for US monetary reversal

(Xinhua)
Updated: 2008-07-01 18:54

BEIJING  -- Economists are warning policy makers in China to prepare for a reversal in US monetary policy to tightening during the second half of 2008.

Market analysts said they expected the US Federal Reserve Board to raise interest rates in the second half of the year, as inflation risks began to outweigh recession fears in the world's largest economy.

An expected strengthening of the US dollar following such a rate hike  would divert speculative funds ("hot money") from emerging markets to the United States, increase the burden on countries with heavy foreign debts, and cause a regional economic crisis, He Fan, an economist at the Chinese Academy of Social Sciences (CASS), said in a report released on Tuesday.

China, with hundreds of billions of US dollars in "hot money" that had already poured into the country, should closely watch the adjustment of US monetary policy and take much stricter measures to monitor capital flows in the meantime, said He.

"Hot money" outflows alone would not be so worrisome; it was the tight money supply that would follow the outflow that was of concern, said CASS economist Zhang Ming.

China's policy makers should closely monitor the situation and make timely adjustments to monetary policy, said Zhang.

The anticipated US monetary policy shift was also likely to cause price falls of dollar-denominated commodities such as grain and crude oil, which would help ease China's steep inflation, according to professor Huo Deming of the China Center for Economic Research at Peking University.