Wartezimmer » Greg Bird Jersey

BEIJING Rickey Henderson Jersey , June 20 (Xinhua) -- The market fears a cash crunch in late June as seasonally tight liquidity meets the mid-year macro-prudential assessment and tightening regulations in the banking sector.


However, volatile market adjustments, seen in 2013 due to similar regulatory tightening, will not happen as China's deleveraging process is manageable and balanced.


China's financial regulators have rolled out a string of harsh regulations to crack down on financial irregularities in the past three months, with palpable effects.


The broad measure of money supply, M2 Oakland Athletics Jersey , hit a record low in May, growing at single-digit speed, according to the People's Bank of China (PBOC).


While keeping cash conditions relatively tight to underpin the government's deleveraging efforts, authorities have been careful not to squeeze liquidity too much to avoid dampening demand.


PBOC data shows that the total social financing and Chinese yuan loans both increased year on year in May, indicating robust financial support in the real economy.


Meanwhile, recent economic indicators show that the economy is expanding steadily with strong consumption and slightly slower investment.


"Slow M2 growth might continue in the near future as deleveraging efforts continue Aaron Judge Jersey , but deleveraging too fast might raise financing costs for enterprises, hurting the real economy," said Lian Ping, chief economist with the Bank of Communications.


Compared with the clampdown on risk in 2013, China is deleveraging the economy in a more pragmatic, balanced and coordinated manner Dellin Betances Jersey , according to a research note from the China International Capital Corporation (CICC).


Chinese financial regulators has improved coordination to maintain stable liquidity conditions and anchor market expectations since May.


The PBOC has increased its net open market operation injections recently, injecting over 400 billion yuan (58.6 billion U.S. dollars) into the market last week, nearing a five-month high.


Meanwhile, local government bond insurance also accelerated while the top banking regulator decided to give banks more time to check and rectify their problems.


CICC expects incremental easing of market liquidity stress levels from June if the PBOC continues with open market operations to guide short-term rates to a more sustainable level.


However, there will be no backtracking on China's process of deleveraging.


"Lessons from the global financial crisis showed us that guarding against financial turmoil should start from keeping financial institutions clean and not tolerating high-leverage and bad loan practices," Zhou Xiaochuan Sonny Gray Jersey , governor of the PBOC, said at a forum Tuesday.


China's regulatory adjustments targeting financial leverage will likely be a dynamic process, rather than following a strict pre-set path, according to CICC.


Going forward, regulatory tightening will be gradual and pragmatic to balance the longer-term goal of financial deleveraging and the objective of maintaining stable growth and liquidity, CICC added.


Xi says BRICS cooperation will usher in new "golden decade"


In pics: 52nd Int'l Paris Air and Space Show


Xi'an-Chengdu Passenger Railway to undergo joint test


Fire fighters battling remnants of Portugal's devastating forest fires


Weekly choices of Xinhua photos


In pics: terrace fields in northwest China's Ningxia


In pics: Mount Jiuhua Buddha College in E China


Students graduate from Civil Aviation University of China


Xi Jinping and other 47 leaders of Communist Party of China (CPC) membership have been elected delegates to the Party's 19th National Congress that is to open on Oct. 18.


Xi Aroldis Chapman Jersey , general secretary of the CPC Central Committee, Chinese president and chairman of the Central Military Commission, was elected delegate by a unanimous vote at the 12th CPC Guizhou provincial congress in April.


The announcement of Xi's election by more than 730 provincial congress delegates won long and warm applause.


Other members of the Standing Committee of the Political Bureau of the CPC Central Committee Li Keqiang, Zhang Dejiang, Yu Zhengsheng, Liu Yunshan C.C. Sabathia Jersey , Wang Qishan and Zhang Gaoli, were elected delegates in Guangxi Zhuang Autonomous Region, Inner Mongolia Autonomous Region, Xinjiang Uygur Autonomous Region, Yunnan Province, Hunan Province and Shaanxi Province Greg Bird Jersey , respectively.


They were all nominated by the CPC Central Committee as candidates for delegates.


These places are either major battlefield of poverty alleviation, important points on the "Belt and Road" or ethnic minority regions.


The choice of places or electoral units where Party and state leaders participate in elections should strengthen Party governance, assist in implementing national development strategies and allow the voices of grassroots Party members and the people to be heard.


Party and state leaders did not participate in elections in places such as their native homes or where they have worked, except for that they hold concurrent posts as Party secretaries of electoral units. Leaders from ethnic minority regions can participate in autonomous regions, according to the Organization Department of the CPC Central Committee.


The fact that Party and state leaders, especially members of the Standing Committee of the Political Bureau of the CPC Central Committee Giancarlo Stanton Jersey , participate in elections in underdeveloped provinces and regions densely populated by ethnic minorities sets an example in the implementation of the Party and state's major development strategies, said Professor Zhu Lingjun with CPC Central Committee P. Cheap Jerseys Cheap Jerseys Wholesale Cheap Wholesale Jerseys Cheap New NHL Jerseys Cheap NFL Football Jerseys Wholesale Jerseys Wholesale NFL Jerseys Wholesale Basketball Jerseys Wholesale Baseball Jerseys Wholesale NCAA Jerseys