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China can push forward deleveraging and deal with short-term downside pressure in a coord
inated way to ensure sustainable and high-quality economic growth, experts said on Friday.
“Deleveraging does not necessarily lead to slower economic gro
wth. It depends on which approach we choose to lower the leverage,” said Hu Xia
olian, chair of the Export-Import Bank of China at the Boao Forum for Asia, which concluded on Friday.
As China’s deleveraging moves support supply-side structural reforms, del
everaging and economic growth actually go hand in hand in many aspects, Hu said.
Reducing the debt ratio of State-owned enterprises, for example, entails reforms to streng
then corporate governance and higher efficiency, she said, adding that China’s efforts to develop a stronger capital
market will not only reduce the corporate debt level by increasing equity financing but also contribute to economic growth.
?it is already a banking center in the European context, plus a clearinghouse. Also, Frankfurt has the Euro
pean central bank, which is now the regulator for all banks in Europe. So, the banks want to be closer to the major regulator,” Donoghue said.
As for asset management, insurance, and funds companies, Donoghue said, they are relocat
ing to Dublin because the city has a very broad and diversified set of capabilities in running funds and managing assets.
Andrew Pilgrim, associate partner at consultancy Ernst & Young, which is known as EY, sai
d it is probably not in the EU’s best interests to have financial services concentrated in one location.
“From policy and political perspectives, there is an argument to say that actually having a balanced financial sector across many EU jurisdi
ctions means that you have less risk concentrated in one jurisdiction,” Pilgrim said. “And it also means that you get a more balanced regu
latory and supervisory environment across all the EU member states, as opposed to all of that being focused on one.”
a voice to all the nation’s many minorities.
”I am Hindu, I come from a privileged background, so for people like me, no matter which part
y comes to power, we aren’t going to face the brunt of it. The most affected are the minorities and
the poor… If a certain party comes to power, these people will face huge problems.
”They are the people I want to keep in mind when I choose a party.”
For Aastha Kulshrestha, a 23-year-old law student from New Delhi, her expectation of the n
ext government is that it should not pit one group or religion against the other. “It is a great impe
diment to the growth of the nation, a nation that is democratic, socialist and a republic,” she told CNN.
”If you want to make a change… you vote”oung voters could have a huge influence on the
outcome. For some, casting their ballot is an exciting “coming of age” moment. But many are disenchanted.
John Simte, 22, a law student in Bengaluru, says he is “thrilled to be a part of the world’s la
rgest democratic project.” He admits a “deep sense of apathy” amongst his peers but is nonetheless optimistic.
sic NBA games will be offered to nearly 700 million consumers acr
oss Alibaba’s platforms, including leading B2C marketplace Tmall, social commerce des
tination Taobao, video-streaming platform Youku and browser and content platform UC.
The original programming will cover a wide range of popular basketball and cultural topics, including game predi
ctions, fashion, sneakers, and memorabilia. The content will be available throughout the regular season, NBA
All-Star, the NBA Playoffs and The Finals, bringing the latest NBA trends and news through various interactive fo
rmats, such as short videos and livestreaming by celebrities and influencers.
The NBA and Alibaba will also provide business partners with r
obust marketing solutions to promote their products and brands across Alibaba’s platforms.