综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

  Home>News Center>Bizchina
       
 

Economist: China's economy has landed
(Reuters)
Updated: 2005-11-03 09:00

Growth in M2 money supply, a measure of how much cash is available in the banking system, has accelerated in recent months.

Some have seen that as a sign that the central bank has taken its foot off the brake, but Tang said foreign money coming into the country was the cause.

"Rapid M2 growth in recent months was caused by rapid inflow of foreign exchange," he said. The bank's monetary policy was stable.

"The purpose of the stable monetary policy is to keep economic growth on a stable footing," Tang said. "Monetary policy is in a period that needs observation."

"Based on end-September figures, foreign exchange reserves are still growing at a fast pace and I dare not say they will slow down," he said. "We still need to observe, because the effectiveness of foreign exchange reform has not appeared yet" in reserves growth.

The reserves have risen because China has been exporting more than it imports, because foreigners have sent money to the country to invest, and because speculators anticipating appreciation have bought yuan.

Tang repeated the official view that market forces have determined the yuan's very modest 0.3 percent appreciation since the 2.1 percent revaluation on July 21.

"People have different views," he said. "Some think it should go higher. Some think it should not."

"In the short term, there will be upward pressure on the renminbi (yuan) but in the long term it will depend on how the economy performs and on other factors, such as the global economy and productivity."





Page: 12


 
  Story Tools  
   
Manufacturers, Exporters, Wholesalers - Global trade starts here.
Advertisement
         
开平市| 靖远县| 和平县| 岢岚县| 双峰县| 沾化县| 康定县| 重庆市| 乐至县| 松原市| 同江市| 元朗区| 绥德县| 泗洪县| 融水| 金湖县| 都昌县| 连城县| 务川| 海丰县| 宽甸| 毕节市| 彰化县| 图木舒克市| 湘乡市| 黄梅县| 弥勒县| 黎川县| 四子王旗| 龙里县| 山阳县| 南岸区| 白沙| 南澳县| 抚远县| 淳安县| 巴彦淖尔市| 博罗县| 封开县| 武定县| 张家口市|