世界银行副行长林毅夫：中国经济未来二三十年仍会年增10%
2008-02-22
(柏林新华电）世界银行副行长兼首席经济学家林毅夫指出，他对中国经济未来二三十年的发展前景持乐观态度，认为广受关注的能源问题不会成为中国发展的瓶颈，并预测中国经济有望在未来20年至30年仍然保持10%左右的成长率。
据新华社自柏林报道，林毅夫前日在参加德国外交政策协会举办的中国经济讨论会后，接受记者采访时表示，中国的经济发展具有不可忽视的潜力。除了中国拥有继续吸引外资的优势外，中国的国民消费以及服务业发展将在中国经济总量中占据越来越重要的地位。
林毅夫表示，能源价格居高将迫使中国国内的企业具备更强的节能动力，以提高能源使用效率，而政府也会出台更多节能政策来应对能源短缺问题。
与此同时，由于能源需求较大，会有更多的公司扩大能源开采的规模、增加储备，以增加能源的供应量。因此从长期看，能源本身不会成为限制中国发展的瓶颈。
世界银行行长佐利克在2月4日正式任命中国经济学家林毅夫为世界银行副行长兼首席经济学家。这是世行首次任命发展中国家人士出任这一要职。
林毅夫说，这是世界银行对发展中国家、尤其是中国发展成功经验的重视。不过他表示，每一个国家的国情都有所不同，成功的经验不能照抄，问题的最终解决要取决于那个国家的具体情况。
Showing posts with label Greater China markets. Show all posts
Showing posts with label Greater China markets. Show all posts
Friday, February 22, 2008
早报: 中国财经: 全球十大市值公司 中国占四席
2007-10-19全球十大市值公司 中国占四席
香港／北京讯）A股和港股的连续上涨，已使得四家中国公司进入了全球上市公司市值前10名。据彭博社的数据，截至10月16日收盘，全球市值最高的10大上市公司中，中国公司已经和美国公司平分秋色，各占四席。
其中中石油排名第二，其余三家中国公司分别是中国移动、工商银行和中国石化(PetroChina)，排名依次为第四、第五和第八。
工商银行是全球最大市值的银行，其市值高达3357亿8500万美元（4909亿新元）。
从10月7日开始，在香港上市的中石油连续五个交易日以上涨收盘，累计涨幅达到了33.19%，使其市值一举超越通用电气公司，成为全球第二大上市公司，仅次于艾克森美孚（Exxon Mobil Corp）。
10月16日，尽管中石油股价小幅下跌了2.13%，但其收盘时总市值已高达4290亿4200万美元，逼近市值5254亿5300万美元的埃克森美孚公司，而排名第三的通用电气的市值则为4177亿3700万美元。
另外两家进入前10名的美国公司是微软和美国电报电话公司（AT&T）。微软排名第六位，美国电报电话公司排名第10位。壳牌石油公司(Royal Dutch Shell)和俄罗斯天然气公司(OAO Gazprom)分列第七和第九位。
不过，由于中国石化股价昨日在香港股市曾一度跳升8.8％，其市值达到2万1000亿港元（4038亿新元）也因此超越了壳牌公司，成为全球第四大石油与煤汽公司。在这10大市值排名中，也从第八位晋级到第七位。但在劲升过后，中国石化股价昨日闭市时回落到12.36港元，其市值也随之走低。
以10月16日收盘价计算，市值列入10大的四家中国公司的总市值已经高达1万4039亿美元，同四家美国公司的合计总市值1万4833亿美元，仅相差不到800亿美元。
根据彭博社提供的数据，中石油、中国移动、工商银行和中国石化的市盈率分别达到了22.56倍、41.85倍、45.28倍和16.06倍。其中，工行的市盈率在这10家公司中最高，而四家中国公司的算术平均市盈率也达到了31.44倍，远远高于10家上市公司的平均市盈率21.45倍。
第一财经日报》报道，中信金通证券首席分析师钱向劲认为，中国宏观经济的不断走强，以及近期A股市场的连续上涨，资金积极投入中国公司。A股市场高估值，一定程度上也抬高了这些在境外上市公司的股价和估值水平。这种高估值一定程度上反映了市场的不成熟，另一方面，对于在一个不断发展的经济体中成长的公司来说，略高的估值也是合理的。
香港／北京讯）A股和港股的连续上涨，已使得四家中国公司进入了全球上市公司市值前10名。据彭博社的数据，截至10月16日收盘，全球市值最高的10大上市公司中，中国公司已经和美国公司平分秋色，各占四席。
其中中石油排名第二，其余三家中国公司分别是中国移动、工商银行和中国石化(PetroChina)，排名依次为第四、第五和第八。
工商银行是全球最大市值的银行，其市值高达3357亿8500万美元（4909亿新元）。
从10月7日开始，在香港上市的中石油连续五个交易日以上涨收盘，累计涨幅达到了33.19%，使其市值一举超越通用电气公司，成为全球第二大上市公司，仅次于艾克森美孚（Exxon Mobil Corp）。
10月16日，尽管中石油股价小幅下跌了2.13%，但其收盘时总市值已高达4290亿4200万美元，逼近市值5254亿5300万美元的埃克森美孚公司，而排名第三的通用电气的市值则为4177亿3700万美元。
另外两家进入前10名的美国公司是微软和美国电报电话公司（AT&T）。微软排名第六位，美国电报电话公司排名第10位。壳牌石油公司(Royal Dutch Shell)和俄罗斯天然气公司(OAO Gazprom)分列第七和第九位。
不过，由于中国石化股价昨日在香港股市曾一度跳升8.8％，其市值达到2万1000亿港元（4038亿新元）也因此超越了壳牌公司，成为全球第四大石油与煤汽公司。在这10大市值排名中，也从第八位晋级到第七位。但在劲升过后，中国石化股价昨日闭市时回落到12.36港元，其市值也随之走低。
以10月16日收盘价计算，市值列入10大的四家中国公司的总市值已经高达1万4039亿美元，同四家美国公司的合计总市值1万4833亿美元，仅相差不到800亿美元。
根据彭博社提供的数据，中石油、中国移动、工商银行和中国石化的市盈率分别达到了22.56倍、41.85倍、45.28倍和16.06倍。其中，工行的市盈率在这10家公司中最高，而四家中国公司的算术平均市盈率也达到了31.44倍，远远高于10家上市公司的平均市盈率21.45倍。
第一财经日报》报道，中信金通证券首席分析师钱向劲认为，中国宏观经济的不断走强，以及近期A股市场的连续上涨，资金积极投入中国公司。A股市场高估值，一定程度上也抬高了这些在境外上市公司的股价和估值水平。这种高估值一定程度上反映了市场的不成熟，另一方面，对于在一个不断发展的经济体中成长的公司来说，略高的估值也是合理的。
BT: China's annual GDP growth eased to 11.5 per cent in the third quarter
Business Times - 26 Oct 2007
China's economy slows a little, but remains red hot11.5% Q3 growth brings it closer to overtaking Germany as world's third-largest economy
(BEIJING)
China's annual GDP growth eased to 11.5 per cent in the third quarter, but the slowdown from a 12-year high of 11.9 per cent in the second quarter was not enough to dispel expectations of fresh policy curbs to stave off overheating.
The outcome, which was in line with market forecasts, means China could well grow this year at the fastest rate since 1993 and brings it closer to overtaking Germany as the world's third-largest economy.
'Industrialisation, urbanisation and China's global manufacturing power are the three engines that continue to drive very high growth,' said Chen Xingdong, chief economist at BNP Paribas Peregrine in Beijing.GDP over the first three quarters expanded 11.5 per cent and for the first time this year, China will contribute more than the United States to global growth, according to the International Monetary Fund (IMF).
Although that is a source of pride for the ruling Communist Party, which ended its five-yearly Congress on Monday, policymakers know they can have too much of a good thing.Li Xiaochao, spokesman of the National Bureau of Statistics, told a news conference yesterday that the problems facing the economy were still pronounced, with growth and inflation still too high.
The economy has now grown at a double-digit pace for seven quarters, but at a cost of environmental degradation, galloping energy consumption and rising inflationary pressure.
Premier Wen Jiabao said on Wednesday his government would keep a tight grip on policy for the rest of the year to curb inflation and brake investment, the main driver of growth.'What is needed is more attention to the quality of growth and environmental protection,' Mr Chen said.
The statistics office, which released the growth figures, confirmed a disclosure by a senior official last week that annual consumer inflation slowed to 6.2 per cent in September from a decade- high 6.5 per cent in August.
Economists took heart from the moderation but said the central bank, which has already raised interest rates five times this year, was likely to jack up borrowing costs further.'Inflation was lower than August, but one month's figures do not mean a reversal in the uptrend.
Data from the real economy would suggest otherwise,' said Chris Leung, an economist with DBS in Hong Kong.'I expect an interest rate rise any time.
It's safe to say there'll be one more rise this year. I'd not be surprised if there were two,' he said.But Zhu Jianfang, chief economist at CITIC Securities in Beijing, said central bank governor Zhou Xiaochuan was likely to wait and see how the economy responds to past belt-tightening.
'I think the various tightening steps are beginning to take hold. Investment is still fast, but not as fast as I had expected,' he said. -- Reuters
China's economy slows a little, but remains red hot11.5% Q3 growth brings it closer to overtaking Germany as world's third-largest economy
(BEIJING)
China's annual GDP growth eased to 11.5 per cent in the third quarter, but the slowdown from a 12-year high of 11.9 per cent in the second quarter was not enough to dispel expectations of fresh policy curbs to stave off overheating.
The outcome, which was in line with market forecasts, means China could well grow this year at the fastest rate since 1993 and brings it closer to overtaking Germany as the world's third-largest economy.
'Industrialisation, urbanisation and China's global manufacturing power are the three engines that continue to drive very high growth,' said Chen Xingdong, chief economist at BNP Paribas Peregrine in Beijing.GDP over the first three quarters expanded 11.5 per cent and for the first time this year, China will contribute more than the United States to global growth, according to the International Monetary Fund (IMF).
Although that is a source of pride for the ruling Communist Party, which ended its five-yearly Congress on Monday, policymakers know they can have too much of a good thing.Li Xiaochao, spokesman of the National Bureau of Statistics, told a news conference yesterday that the problems facing the economy were still pronounced, with growth and inflation still too high.
The economy has now grown at a double-digit pace for seven quarters, but at a cost of environmental degradation, galloping energy consumption and rising inflationary pressure.
Premier Wen Jiabao said on Wednesday his government would keep a tight grip on policy for the rest of the year to curb inflation and brake investment, the main driver of growth.'What is needed is more attention to the quality of growth and environmental protection,' Mr Chen said.
The statistics office, which released the growth figures, confirmed a disclosure by a senior official last week that annual consumer inflation slowed to 6.2 per cent in September from a decade- high 6.5 per cent in August.
Economists took heart from the moderation but said the central bank, which has already raised interest rates five times this year, was likely to jack up borrowing costs further.'Inflation was lower than August, but one month's figures do not mean a reversal in the uptrend.
Data from the real economy would suggest otherwise,' said Chris Leung, an economist with DBS in Hong Kong.'I expect an interest rate rise any time.
It's safe to say there'll be one more rise this year. I'd not be surprised if there were two,' he said.But Zhu Jianfang, chief economist at CITIC Securities in Beijing, said central bank governor Zhou Xiaochuan was likely to wait and see how the economy responds to past belt-tightening.
'I think the various tightening steps are beginning to take hold. Investment is still fast, but not as fast as I had expected,' he said. -- Reuters
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