While China’s real growth has edged down 0.2 percentage point since the third quarter of last year, nominal expansion has accelerated 1.3 percentage points, explaining why policy makers are holding back from a big stimulus push, said Harrison Hu, chief Greater China economist at Royal Bank of Scotland Plc in Singapore.If they push harder, the yuan nosedives. The yuan will fall anyway, but they want to slow or delay the decline as long as possible.
"Nominal growth does a better job than real growth in capturing cyclical swings," he said in a telephone interview. "Real growth is more likely to be smoothed."
以哈停火协议研议中 布林肯敦促哈马斯接受提议
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4月30日,巴勒斯坦激进组织哈马斯表示正在研究以色列提出的、在加沙地带为期40天的停火协议,以换取双方人质的释 […]...
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