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Verbatim

 “Monetary policies should not be over eased in the short run.”

吴敬琏:短期内货币政策不宜“放水”太多

Wu Jinglian, top Chinese economist and senior researcher with the Development Research Center of the State Council (DRC), spoke during the recent International Forum for China’s Reform. He said that flexible fiscal and monetary policies are important in dealing with financial crises in the short-term. However, long-term effects must be taken into consideration, because, as in the past, excess liquidity can cause many problems, such as those we see today.

中国著名经济学家吴敬琏日前在“中国改革国际论坛”上，针对中国如何应对世界金融危机表示：就短期对策来看，应通过较松的财政政策和货币政策，保持宏观经济稳定，并与各国通力合作，稳定国际金融体系。但他强调，短期内货币政策不宜“放水”太多，因为过去曾经的大量“放水”是造成今天困境的原因之一，要考虑未来长期的影响。在货币政策之外，采取扶持中小企业等多种措施，也可起到积极作用。
    吴敬琏认为，长期对策是转变经济发展方式，并与各国合作构建新的国际金融体系。他认为中国要转变资源投入和出口驱动的经济发展方式，一直以来存在体制障碍，要消除障碍只有推进改革。

“The Chinese economy will enter a new stage of development after the financial crisis as long as confidence can be maintained.”

马建堂：金融危机过后中国经济将迈上新的发展台阶

Ma Jiantang, director of the National Bureau of Statistics said in a recent interview with China Securities Journal. The national economy is capable of continuing its stable growth, and the unprecedented crisis is giving China an opportunity modify its economic structure and its approaches to growth.

中国国家统计局局长马建堂日前在接受媒体采访时指出，中国经济发展的基本态势没有改变，金融危机过后中国经济将迈上新的发展台阶。牋牋
    马建堂从4个方面阐述了对经济保持信心的理由。首先，从供给的角度看，改革开放为中国打下了雄厚的物质基础，国民经济平稳较快发展存在着牢固的基础。其次，从需求的角度看，中国基础设施、居民生活水平虽然有了显著改善，但人均仍处于较低水平，投资和消费都蕴藏着巨大的潜力。再次，体制机制的不断改革和完善为经济发展提供新的动力和活力，包括产权制度、行政管理体制、国有企业、社会保障体系等方面的改革完善，都将为经济发展注入新的动力和活力。最后，政府宏观调控能力明显增强，应对经济发展中的矛盾和问题的及时性有效性大大提高，宏观调控空间也比较大。