Arab Today, arab today china to \tinker\ with monetary easing
Last Updated : GMT 00:16:28
Arab Today, arab today
Arab Today, arab today

China to \'tinker\' with monetary easing

Arab Today, arab today

Arab Today, arab today China to \'tinker\' with monetary easing

Beijing - AFP

China will \"tinker around the edges\" of monetary policy to keep its economy growing, but still-high inflation and overseas turmoil mean dramatic changes are unlikely, analysts said Thursday. The central bank announced Wednesday it would \"fine-tune\" monetary policy, repeating remarks by Premier Wen Jiabao last month and fuelling hopes of a relaxation of tight credit as growth in the Asian powerhouse slows. Beijing has hiked interest rates five times since October 2010 and increased the reserve requirement ratio -- the portion of deposits banks must set aside -- on numerous occasions to rein in surging inflation and housing prices. But the debt crisis in Europe, a key buyer of Chinese exports, and weakness in China\'s manufacturing sector has prompted leaders to rethink economic policy, though ongoing concerns over high prices will limit their response. \"They are still trying to keep the overall stance the same but they will tinker around the edges if they think conditions justify that,\" Brian Jackson, a senior strategist at Royal Bank of Canada in Hong Kong, told AFP. Experts said policymakers were likely to reduce the reserve requirement ratio, which is hovering at record levels, in the coming months to spur lending to smaller businesses, which are struggling to get financing. But they ruled out a change in interest rates, which is seen as a more aggressive policy tool. \"I think their general view is that because inflation is still so high, if you lower interest rates it will send the wrong message to the economy,\" Ren Xianfang, an analyst at IHS Global Insight in Beijing, told AFP. Investors barely reacted to the central bank statement, with Shanghai shares up 0.32 percent, or 7.8 points, to 2,474.76 in afternoon trade. Inflation slowed sharply in October from the previous month to 5.5 percent year-on-year, compared with 6.1 percent in September, but is still well above the government\'s annual target of four percent. The People\'s Bank of China said Wednesday it would \"at an appropriate time and in moderate degree preemptively adjust and fine-tune\" monetary policy, adding it would do so based on changes in the global economy. The central bank statement comes after the International Monetary Fund on Tuesday warned that China\'s financial system was at risk from bad loans, booming private lending and sharp falls in property prices. China has already started to tentatively loosen credit restrictions. Last month, authorities ordered banks to boost lending to cash-strapped small businesses which are struggling to meet rising costs amid falling demand for their goods. The order came amid concerns that an explosion in private financing could lead to widespread bankruptcies and bad debts. A series of economic indicators released earlier this month showed China\'s export-driven economy slowed in October as demand for Chinese-made clothes, shoes and electronic gadgets weakened. Exports rose 15.9 percent year-on-year to $157.49 billion in October, down from $169.7 billion in September, as shipments to Europe and the United States fell, the customs agency said in a statement.  

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 china to \tinker\ with monetary easing Arab Today, arab today china to \tinker\ with monetary easing

 



Arab Today, arab today
Arab Today, arab today Ideen Belmahdy happy to be part of “ Fashion Star”

GMT 17:00 2017 Sunday ,26 February

Ideen Belmahdy happy to be part of “ Fashion Star”
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 14:44 2017 Saturday ,25 February

China overtakes US as Germany’s top trade partner

GMT 05:53 2017 Saturday ,25 February

Global sovereign debt to hit new all-time high

GMT 05:17 2017 Saturday ,25 February

Oil world cautious on Trump’s next move

GMT 09:59 2017 Friday ,24 February

Baidu revenue slips anew amid ad clampdown

GMT 05:20 2017 Thursday ,23 February

WTO ratifies first multilateral trade deal
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Ola Ghanem hopes to work with M.Ramadan

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 13:47 2017 Friday ,24 February

Rabia Fatima reveals role of "Facebook" in her career

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre
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