Latest News:  
Beijing   Sunny    3 / -6   City Forecast

People's Daily Online>>China Business

Sharp decline in economic growth unlikely (2)

By Zhou Xiaoyuan (People's Daily Overseas Edition)

08:57, December 23, 2011

Efforts in fiscal and monetary policies to ensure growth

Zong Liang, head of the Institute of International Finance and deputy general manager of Strategic Management Department of the Bank of China, said, “The size of financial credit will increase by about eight trillion yuan next year. Comprehensively considering all factors, the reasonable range of credit placement should be kept between 13 percent and 14 percent.”

Li Huiqing, Chief Investment Officer of Tianjin SWS also agrees with this data. He said that in line with the two objectives of monetary policies, namely economic growth and price stability, the central bank may increase money and credit placement in time of accelerated decline in prices and fallback of economic growth.

Taking into account the trend of economy and price level in the first half of next year, the central bank may cut the statutory deposit reserve ratio by about two percentage points to inject liquidity to the market.

【1】 【2】


Email|Print|Comments(Editor:厉振羽)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. UN observes silence to mourn Kim Jong Il

  2. The Exhibition of Ancient Chinese Money

  3. Subway Line 1 signal malfunction

  4. Sancai porcelains displayed in Luoyang

Most Popular

Opinions

  1. For amiable China-Japan ties
  2. Europe should make greater efforts to save itself
  3. China unlikely to see hard landing in 2012
  4. Euro depreciation affects Asian manufacturing
  5. To whom does Pacific Century belong?
  6. US media hypes 'cyber Cold War'
  7. Farmers find city life unfair: report
  8. Soccer bribe trials chance to clean up sport's legacy
  9. Euro zone makes progress in systemic reforms
  10. Weibo regulations a step on the right path

What's happening in China

U.S. Caterpillar prospers in China over past decades

  1. China set to boost auction industry
  2. Chinese IT market set to surge, says researcher
  3. China decides to accept PM2.5
  4. Rich seek offshore wealth management
  5. Environmentalists circling shark fin soup

PD Online Data

  1. Traditional Mooncakes
  2. About Mooncakes
  3. History of Mooncakes
  4. Modern Mooncakes
  5. Legends of Mid-Autumn Festival