在线国产一区二区_成人黄色片在线观看_国产成人免费_日韩精品免费在线视频_亚洲精品美女久久_欧美一级免费在线观看

  Home>News Center>China
       
 

China to squeeze credit to curb inflation
(Agencies)
Updated: 2004-08-24 14:33

China must keep curbing credit to prevent a surge in bank loans and fight against inflation, central bank chief Zhou Xiaochuan said on Monday.

The government has taken a series of measures since late last year, including boosts to bank reserve requirements and a credit clampdown in some hot sectors, to cool its economy.

But the central bank chief said more needed to be done.

"The trend of expansionary demand and pressure of inflation have not alleviated so far," Zhou said in a statement published on the central bank's Web site (www.pbc.gov.cn).

"Banking departments must continue to control credit in an appropriate manner to prevent a quick increase in medium- and long-term loans," said the governor of the People's Bank of China.

The central bank has pledged to keep monetary policy tight, but has so far avoided raising interest rates as analysts say that could create problems for indebted state firms and put more pressure on the yuan to strengthen.

Markets previously had worried that, in stepping on the brakes, China might send its giant economy -- the world's seventh-largest -- into a sharp downturn and threaten one of the main engines of global economic growth.

Rising inflation has been a particular concern as Chinese authorities have debated whether to raise interest rates for the first time in nine years.

Still, a government think-tank and an official economics newspaper have recently called for an easing of the harsh curbs, which they said were pushing some companies to the brink.

Economic data for July have showed the austerity measures are working. But most private sector economists say it is too early for the authorities to loosen the curbs they have put in place.

"Banks must ensure they prevent credit from flowing into some blind investments and repetitive construction projects," Zhou said. "That will prevent a rebound in a quick growth in fixed asset investment."

The warning came after data showing China continuing to spend more heavily than expected on projects such as roads, power plants and factories in the January-to-July period.

Urban fixed-asset spending in the first seven months of 2004 rose 31 percent from a year earlier, the same growth rate as in the first six months of the year, official figures showed.

Economists polled by Reuters had expected a January-July increase of 20 percent.



 
  Today's Top News     Top China News
 

China to squeeze credit to curb inflation

 

   
 

Zeng: Pay all owed wages to migrant workers

 

   
 

China cancels 4,800 development zones

 

   
 

Yao lifts China into Olympic quarter-finals

 

   
 

Law to protect HB virus carriers

 

   
 

Ministry denies pig's bird flu infection

 

   
  Ministry denies pig's bird flu infection
   
  Games stadium redesign may save US$336m
   
  Beijing issues 'green cards' to foreigners
   
  Zeng: Pay all owed wages to migrant workers
   
  China cancels 4,800 development zones
   
  Law to protect HB virus carriers
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  Related Stories  
   
Experts: Consumer prices reach peak
   
China's inflation rate continues to rise in July
   
Expert: China can avoid galloping inflation
   
Premier: Economy on healthy track
   
China denies plan to relax macro control
   
NBS: China can avoid severe inflation
  News Talk  
  It is time to prepare for Beijing - 2008  
Advertisement
         
主站蜘蛛池模板: 日韩激情久久 | 91福利网站 | 久久免费看视频 | 国产黄a三级三级看三级 | 99精品视频免费观看 | 高清乱码男女免费观看 | 欧美在线a | 欧美黄色三级视频 | 欧美日一区二区三区 | 91性高潮久久久久久久久 | 亚洲综合视频在线观看 | 欧美亚洲在线 | 亚洲一区二区三区在线 | 91午夜理伦私人影院 | 一级黄视频 | 91精品国产成人www | 麻豆成人91精品二区三区 | 一区二区三区视频在线 | 免费啪视频| 在线国产一区 | 国产精品福利一区 | 日韩三级中文字幕 | 日韩伦理在线观看 | 亚洲成人精品 | 国产精品伊人 | 久久国产精品免费视频 | 黄色小视频在线观看 | 久久性色 | 成人久久av | 69国产精品| 日韩不卡在线 | 黄色在线免费网站 | 中文字幕第7页 | 黄色一级免费视频 | 亚洲一区二区三区四区在线 | 久久久久一区二区 | 999在线视频 | 中文字幕手机在线观看 | 久久久不卡 | 日韩a视频| 欧美黑人一区二区三区 |