国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Economy

Markets

Industries

Insights

Reports

Events

China's economic fundamentals 'solid, resilient'

(Bloomberg)
Updated: 2008-10-14 09:53

 China's economic fundamentals are "solid and resilient," financial institutions are "sound" and there is "ample" liquidity in the Chinese market, central bank Deputy Governor Yi Gang said.

"In 2008, China has weathered through the shocks of natural disasters and adverse external environment," Yi said on Monday in a speech at the annual meetings of the International Monetary Fund and the World Bank in Washington. "We maintain a relatively strong economic growth. Exchange rate flexibility has increased."

The country had the worst snowstorms in half a century in January and February, followed by the deadliest earthquake in 32 years in May and rains and floods in the nation's south in the summer. Economic growth slowed for a fourth straight quarter in the three months ended June 30 as exports cooled.

The economy, the world's fourth largest, grew 10.1 percent in the second quarter from a year earlier. Consumer prices rose 4.9 percent in August, the least in 14 months. The central bank has cut interest rates twice in a month. It has also reduced the proportion of deposits banks must set aside as reserves and trimmed the pace of currency gains.

"Facing the slowdown of the world economy, our policy is to expand domestic demand," Yi said. "China will continue its cooperation with the international community and call on all governments to join efforts to overcome the present difficulties."