No Plan for Interest Rate Change, Central Bank

Help | Sitemap | Archive | Advanced Search | Mirror in USA



CHINA BUSINESS OPINION WORLD SCI-EDU SPORTS LIFE FEATURES PHOTO GALLERY
	INTERACTIVE
	Message Board
	Feedback
	Voice of Readers
	China Quiz





	China At a Glance
	Constitution of the PRC
	State Organs of the PRC
	CPC and State Leaders
	Chinese President Jiang Zemin
	White Papers of Chinese Government
	Selected Works of Deng Xiaoping
	English Websites in China



	Help About Us SiteMap Employment
	MIRROR

	U.S. Mirror Japan Mirror Tech-Net Mirror Edu-Net Mirror

Thursday, July 20, 2000, updated at 09:11(GMT+8)

Business

No Plan for Interest Rate Change, Central Bank

China's central bank said today it is not considering any change in the current interest rate of bank savings, which Governor of the People's Bank of China Dai Xianglong described as "rational" to the present situation.

Dai said at a press conference Wednesday that the seven consecutive interest rate cuts since 1999 have paid off in stimulating domestic consumption, reducing the burdens of state-owned enterprises and boosting the stock market.

He said that China's proactive monetary and fiscal policies have resulted in an overall recovery of the economy and that future policies will be aimed at consolidating and developing the current favorable economic situation.


Print	Discuss It	Recommend to your friend

In This Section



	China's central bank said today it is not considering any change in the current interest rate of bank savings, which Governor of the People's Bank of China Dai Xianglong described as "rational" to the present situation.




Advanced Search


	Rise of Foreign Currency Interest Rate Exerts No Influence on RMB

	China's Fiscal Policies