central bank official china\s growth rate to exceed 75
Last Updated : GMT 16:22:18
Arab Today, arab today
Arab Today, arab today

Central bank official: China\'s growth rate to exceed 7.5%

Arab Today, arab today

Arab Today, arab today Central bank official: China\'s growth rate to exceed 7.5%

Beijing - XINHUA

Chinese economic growth rate is expected to be above 7.5 percent this year, a senior Chinese central bank official said here Thursday. \"I think for this year we\'re going to have certainly above 7.5 percent growth rate, maybe 7.6 percent something like that,\" Yi Gang, deputy governor of the People\'s Bank of China, said at a seminar on the global economy hosted by the International Monetary Fund (IMF) in George Washington University. A lot of people worried about the slowdown of Chinese economy, even a hard-landing situation, in the first half of this year, but economic data in the third quarter showed China\'s economy had already picked up, he said. He added that the problems of shadow banking and local government financial vehicles have been under control. The Chinese economy is entering a phase of medium-to-high rate growth, maybe at around 7 percent in the foreseeable future, still considered high from global standard, although it\'s slower than double-digit growth in the past decade, Yi explained. China needs a stable global economy, including a robust economic recovery in the developed economies and other emerging ones that the Chinese economy is closely linked to, an orderly communicated tapering by the U.S. Federal Reserve, as well as free trade and investment environment, he said. Yi also urged the United States to deal with federal government shutdown and debt ceiling issues as soon as possible. \"The market doesn\'t like uncertainty. We watch this drama very closely.\" \"I think they should have the wisdom to solve this problem as soon as possible,\" he added. Last Tuesday, U.S. Treasury Secretary Jacob Lew told Congress that the federal government will reach its debt limit of 16.7 trillion U.S. dollars by Oct. 17, and failure to raise it would lead to a catastrophic default. IMF chief Christine Lagarde warned Thursday that U.S. failure to raise the debt ceiling would damage the U.S. economy and the global one. For the Chinese currency exchange rate reform, Yi told Xinhua that China would take a gradual manner, taking into account promoting market-oriented reform and maintaining market stability. China did a better job than other emerging economies in terms of capital flows in the recent months, he said.

arabstoday
arabstoday

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*

central bank official china\s growth rate to exceed 75 central bank official china\s growth rate to exceed 75

 



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*

central bank official china\s growth rate to exceed 75 central bank official china\s growth rate to exceed 75

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Prince's vision spurs new Cornwall village

GMT 03:12 2017 Saturday ,18 November

Prince's vision spurs new Cornwall village
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Israel ready to cooperate with Saudi

GMT 06:31 2017 Friday ,17 November

Israel ready to cooperate with Saudi
Arab Today, arab today Airbnb raided by Japan

GMT 01:55 2017 Saturday ,18 November

Airbnb raided by Japan
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla unveils its all-electric semi truck

GMT 02:59 2017 Saturday ,18 November

Tesla unveils its all-electric semi truck
Arab Today, arab today Baidu speeds up AI progress

GMT 11:46 2017 Friday ,17 November

Baidu speeds up AI progress
Arab Today, arab today Hanan Metawe denies apology for “Major Treason”

GMT 12:22 2017 Thursday ,16 November

Hanan Metawe denies apology for “Major Treason”
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 08:06 2017 Wednesday ,15 November

Ayten Amer happy for “The Flood” success

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 06:13 2017 Friday ,17 November

Pope denounces healthcare inequality

GMT 05:18 2017 Thursday ,16 November

Boeing announces $27bn from flydubai

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
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