Photo taken on March 13, 2018 shows the headquarters of the People's Bank of China. (Xinhua/Cai Yang) BEIJING, May 28 (Xinhua) -- Short-term fluctuation of the Chinese yuan's exchange rate is normal, but in the long run, China's sound economic fundamentals determine that the yuan will not see continuous depreciation, a central bank official said. "Speculation by shorting the yuan will surely lead to a huge loss," Guo Shuqing, Party chief of the People's Bank of China and chairman of the China Banking and Insurance Regulatory Commission, said in an interview with Xinhua. China remains the largest engine of world economic growth, and owns a large market and huge growth potential, Guo said. "As the quality of economic development improves, the yuan's exchange rate will continue to move closer to the purchasing power parity." The Chinese government has won extensive international recognition for its efforts over the past few years to strike a balance between the yuan rate's flexibility and stability, Guo said. Over the past more than 10 years, all cases of the relatively substantial devaluation of the yuan have stemmed basically from external reasons, he said. The latest case came in May, when the offshore rate of the yuan against the U.S. dollar depreciated up to about 3 percent, "entirely due to the U.S. moves that escalated economic and trade frictions, which in turn affected market sentiment," Guo said. "Despite the recent fluctuation in the forex market, there has been no panic among Chinese companies and people," Guo said. Besides the forex market, China's stock and bond markets have also "remained relatively stable" so far this year, Guo said. The country's financial sector has been stable and the risks have been held within control over the past years, partly due to moves to deepen reform and open wider to the outside world, improve corporate governance, and forestall and defuse financial risks in key areas, he added. Besides the opening-up of banking and insurance sectors, China will also open the securities and fund sectors following its existing schedule, Guo said. He added that the financial market's opening-up should always stay in line with the country's risk control capability, and special attention should be paid to prevent large-scale inflows and outflows of short-term cross-border capital. China welcomes foreign institutions with good market reputation and credit records, which have expertise in areas such as risk control, credit rating, wealth management and pension insurance, to "enter China, enrich market entities, innovate financial products and stimulate market vitality," Guo said. Enditem"/>

[올댓차이나] "중국, 재정자극책 강화·확고한 인플레 목표 필요"

기사등록 2024/08/02 23:59:46


[서울=뉴시스]이재준 기자 = 중국인민은행 황이핑(黄益平) 정책자문은 2일 중국이 경제성장 촉진를 위해 재정자극책을 강화하고 '저(低) 인플레 함정'에 빠지는 걸 막기 위해선 확실한 인플레 목표를 세워야 한다고 밝혔다.

신랑망(新浪網)과 중국시보(中國時報) 등에 따르면 저명한 이코노미스트로 베이징 대학 국가발전연구원 원장을 맡고 있는 황이핑 정책자문은 이날 대화앱 위챗(微信)에 올린 글과 텅쉰재경 포럼 강연을 통해 "거시경제 정책의 강도를 높일 필요가 있다"며 "특히 이미 결정된 재정지출을 조속히 실행하는 게 중요하다"고 언명했다.

그는 중국 경제가 새로운 단계에 접어들면서 소비와 수출, 투자를 망라하는 총수요가 예전처럼 견실하지 않아 사실상 거시경제 정책에 새로운 도전과제를 내밀고 있다고 경고했다.

황이핑 정책자문은 "정책 안정성을 유지하려고 인민은행과 재정부의 정책이 지나치게 보수적이 되면 경제 안정성을 해치는 결과를 초래할 수밖에 없다"고 지적했다.

그러면서 황 정책자문은 "중국이 재정지출을 서둘러야 하고 정책 입안자가 소비보다 투자를 우선하는 자세를 바꿔야 한다"면서 더 많은 농민공이 도시에 정착할 수 있도록 하고 주민에는 현금을 나눠주는 조치를 취해야 한다고 강조했다.

황 정책자문은 "중국 정부가 소비자 물가지수(CPI)를 2~3%까지 끌어올린다는 확고한 목표를 세우고 이를 중심으로 정책을 펴야한다"고 건의했다.

중국은 장기간 인플레 목표를 3% 정도로 잡아왔지만 지난 수년간 실제 인플레율 경우 목표를 대폭 하회했다.


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[올댓차이나] "중국, 재정자극책 강화·확고한 인플레 목표 필요"

기사등록 2024/08/02 23:59:46 최초수정

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