Arab Today, arab today uncertainties for chinese economy cited
Last Updated : GMT 21:18:14
Arab Today, arab today
Arab Today, arab today

Uncertainties for Chinese economy cited

Arab Today, arab today

Arab Today, arab today Uncertainties for Chinese economy cited

Beijing - UPI

Slow global recovery and the unstable situation in Europe would be major uncertainties for China\'s economy this year, its central bank governor said Monday. Speaking at a news conference in Beijing, Zhou Xiaochuan, governor of the People\'s Bank of China, said the situation in other major developed countries will also influence China\'s monetary policy, the official Xinhua news agency reported. \"The world economy is highly globalized with a very active flow of capital worldwide,\" Zhou said. \"All of these factors will have an impact on our monetary policy.\" China has maintained a tight monetary policy for several months to prevent the economy from overheating and to fight inflation. Inflation has come down from a three-year high of 6.5 percent last July to 3.2 percent year-on-year as of last month. In his report to the annual session of Parliament last week, Chinese Premier Wen Jiabao lowered the country\'s growth target for 2012 to 7.5 percent, the first such change after seven years at 8 percent. Zhou welcomed as \"a good thing\" China\'s trade deficit of $31.48 billion in February and its impact on the yuan. The deficit was the largest in a decade for the world\'s second-largest economy, accustomed to enjoying huge trade surpluses. China has been under intense international pressure to allow its currency to appreciate further, as a lower yuan make its exports cheaper. Zhou said the supply and demand relations in the market are playing an increasing role in deciding the exchange rate of the Chinese currency. The current trade deficit was blamed on import growth far outpacing exports. Yi Gang, the bank\'s vice governor, said the trade deficits are a \"positive sign\" for a more balanced international balance of payment for China.

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 uncertainties for chinese economy cited Arab Today, arab today uncertainties for chinese economy cited

 



Arab Today, arab today
Arab Today, arab today Heart of Turkish Riviera is Alluring Seaside Escape

GMT 11:11 2017 Tuesday ,28 March

Heart of Turkish Riviera is Alluring Seaside Escape
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 Russia, Iran ink economic deals

GMT 08:03 2017 Wednesday ,29 March

Russia, Iran ink economic deals
Arab Today, arab today Media host gives priority to problems of people

GMT 07:00 2017 Tuesday ,28 March

Media host gives priority to problems of people
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Disaster costs nearly double to $175bn

GMT 10:42 2017 Tuesday ,28 March

Disaster costs nearly double to $175bn
Arab Today, arab today Campaign fights sexual harassment in Egypt

GMT 11:14 2017 Tuesday ,28 March

Campaign fights sexual harassment in Egypt
Arab Today, arab today Trump moves to roll back Obama climate measures

GMT 08:39 2017 Wednesday ,29 March

Trump moves to roll back Obama climate measures
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 Mercedes, VW recall million vehicles in China

GMT 09:16 2017 Wednesday ,29 March

Mercedes, VW recall million vehicles in China
Arab Today, arab today Uber grounds self-driving cars

GMT 09:11 2017 Monday ,27 March

Uber grounds self-driving cars
Arab Today, arab today Trump poised to roll back climate protections

GMT 09:28 2017 Tuesday ,28 March

Trump poised to roll back climate protections

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 11:10 2017 Monday ,27 March

Trump to roll back Obama clean power plan

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 11:55 2017 Wednesday ,29 March

Need ‘gymspiration?’ The top fun fitness bloggers

GMT 09:02 2017 Thursday ,23 March

Laptop ban sparks ire

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 05:17 2017 Wednesday ,29 March

Samsung to sell refurbished Galaxy Note 7s

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