Arab Today, arab today bank of china hard landing possibility slim
Last Updated : GMT 23:31:30
Arab Today, arab today
Arab Today, arab today

Bank of China: Hard landing possibility slim

Arab Today, arab today

Arab Today, arab today Bank of China: Hard landing possibility slim

Beinjing - Xinhuanet

China\'s economic growth is expected to accelerate slightly in the second quarter after bottoming out for the year in the first quarter, supported by monetary policy easing and a gradual thaw in the overseas market, said a report from Bank of China Ltd. The bank forecast that second-quarter GDP growth could rebound to 8.4 percent from an estimated 8.2 percent in the first three months, indicating only a slight possibility of a \"hard landing\" for the world\'s second-largest economy, the report said. The People\'s Bank of China - the central bank - is likely to further cut banks\' required reserve ratio in the first half to achieve steady economic growth and increase longer-term liquidity, the report said. \"In the next few months, the government still has room to make slight pre-emptive changes in monetary policy, to avert major potential risks from sharply lower exports and a fast-cooling property market,\" Cao Yuanzheng, chief economist with the bank, told a news conference in Beijing on Wednesday. Continued declines in the consumer price index, a main gauge of inflation, which may fall to 3 percent in the second quarter, are expected to provide more scope for monetary easing, the bank said. CPI may fall to 3.6 percent in the first quarter as industrial production slows and living costs decline, the bank said. CPI increased 5.4 percent in 2011, but in February, it suddenly dropped to 3.2 percent from 4.5 percent in January, the National Bureau of Statistics reported. However, a faster-than-expected US economic recovery and relative stability in the eurozone may help China\'s exports rebound in the second quarter, said Cao. In the next three months, exports may expand 7.5 percent, compared with an estimated 6.5 percent in the first quarter, according to the bank. The government is also expected to consolidate a proactive fiscal policy that can steadily increase investment in infrastructure construction, especially public housing, and that investment will remain the pillar of the economy in the short run, said Zhen Feng, a researcher with the Institute of International Finance of the Bank of China. Peng Wensheng, chief economist in China with China International Capital Corp, said that China\'s fiscal deficit is likely to expand substantially this year. \"It can be supported by the structural tax cut policy, which will play a significant role to stabilize GDP growth and transform the pattern of economic development. \"But measures to tighten property controls may not change in the coming months,\" Peng added.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today bank of china hard landing possibility slim Arab Today, arab today bank of china hard landing possibility slim

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
Arab Today, arab today Former head of Egypt’s syndicate submits appeal

GMT 20:11 2017 Saturday ,25 March

Former head of Egypt’s syndicate submits appeal
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Haifa Wahby bets on her new drama show

GMT 06:04 2017 Thursday ,23 March

Haifa Wahby bets on her new drama show
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 07:03 2017 Wednesday ,22 March

Merna Waleed praises her work with Soad Hosni

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 15:06 2017 Saturday ,25 March

Dialysis Supplies Dwindle for Syrians

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday