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亿万先生mr007娱乐平台,亿万先生mr007娱乐网址,亿万先生mr007娱乐:AchartillustratesthatChina'senterprisedebtisrising.[Photoprovidedtochinadaily.com.cn]Over-leveragingandover-capacityaretwomajorchallengesforChina’seconomyinthe"newnormal"withslowerbutsustainablegrowthrates,anewbiennialreportfromtheOrganizationforEconomicCo-operationandDevelopment(OECD)pointedout.Thereportcalled"EconomicSurveysChina"publisheseverytwoyearsinordertogiveassessmentandsuggestionstowardsChineseeconomy,theanalyzeandoutputofthissurveyhasbeendiscussedandreviewedbyEconomicandDevelopmentReviewCommittee,withparticipationofrepresentativesfromChinesegovernment."TheChineseeconomygrowthremainshighbyinternationalstandards,andisgraduallymoderatingasthepopulationagesandtheeconomyre-balancesfrominvestmenttoconsumption,fromexternaltointernaldemandandfrommanufacturingtoservices,"OECDdirectorofcountrystudiesAlvaroPereiratoldChinaDailywebsite.PereirastressedtheState-ownedenterprisesreformwouldbeavitalmoveamonggovernment’sagendaofde-leveraging.AccordingtoNationalBureauofStatistics’data,debtowedbynon-financialfirmsinChinareached170percentofGDPin2016-thehighestlevelamongleadingeconomies.SOE’sdebtmakesupover70percentoftotalcorporatedebt."OnethingIlikeaboutChinaisthatgovernmentalwayspaysattentiontothesignals,includingpotentialrisksandproblems,andisalwayscareful,intermsofdesigningthestructuralreforms.Signsoffinancialriskshasbeennoticedbycentralgovernment,andmeasurestotacklewithSOEreformhasbeenstressedduringthisyear’stwosessions."Pereirasaid.Asforallowingthecompanieswithtoomuchdebt,especiallyinover-capacityindustries,toquitthemarket,Pereirasaidfirmdeterminationfromauthoritiesiscrucial."Continuedprogressisimportant,toallowtheseprocesstohappen,atleastgradually,otherwisetheymightoccupyvaluableresourcesthatshouldbeusedbetterinotherplaces,"Saidthedirector.Hesuggestsacceleratingthebankruptcyprocessofzombiefirmstoreduceuncertaintyandcompensatelaid-offworkersunderrelevantlaws.Pereiraalsosaidotherbarrierstoclosingdownalsoneedtoberemovedsuchassubsidies,environmentalclean-upcostsandsocialliabilities,particularlyinsectorsaffectedbyexcesscapacity."Theremovalofsubsidiescouldpartlyfinanceclean-upcostsandsocialliabilities.”Headded.There’saqualitativechartwithinthereporttodescribeseveralindicatorsassessing64countriesoriginallyincludedintheBeltandRoadInitiative(whichhasbeenbroadentoover100countriesnow),likeoutwardinvestmentandlogisticsperformanceofinfrastructure,whichmeasuresthelogisticsprofessionals'perceptionofacountry'squalityoftradeandtransport-relatedinfrastructure.ThischartillustratesconcretepicturesaroundthetradeinfrastructuresituationofcountriesinvolvedinBeltandRoad.WhenaskedhowthisinitiativewouldbenefitEurope'seconomicrecovery,Pereiraresponded:"Wethinkthisinitiativehassomuchimportanceforseveralreasons,oneofthemisthatthisinitiativewouldmakestronglinkswithmanycountries.BeltandRoadiscrucialanddefinitelywouldbringmorecomprehensiveinfrastructurelinkages,createmorejobsandhelpmanyEuropeaneconomiesbetterdevelop."AseriousproblempointedoutinthereportisthatChina’staxandtransfersystemhasnotbeenfunctioningaswellasotherleadingeconomiesonreducingincomeinequality.Forexample,manylow-incomehouseholdspayahighershareofincomeinsocialsecuritypaymentsthanricherones.AndworkerswhoareoutsidetheformallabormarketarenotrequiredtoparticipateinthepensionandmedicalinsuranceschemesinChina,potentiallyincreasingtheirfinancialvulnerabilitytofutureshocks.Thereportrecommendedthatthereformshouldbasethecalculationofsocialsecuritycontributionsoflow-incomeworkersonactualincomeearned,insteadofthecurrentsystemthatmakesaminimumcontributionbasedonthepreviousyear'slocalaveragewage.Itarguesthischangecouldbepartlyfinancedbyreformstopersonalincometaxsuchasremovingexemptionsthatfavorhigh-incomeindividuals.Forexample,interestreceiptsfromgovernmentbondsorfromsavingsinadepositaccountwithaChinesebankarecurrentlyexcludedfromtaxableincome.

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