Repeated calls of China and other emerging markets revaluing their currencies and reducing exports would not produce a balanced growth, President Hu said.
Efforts to alleviate poverty in rural China are being undermined by measures that are stunting the growth of the country’s microfinance industry, a new study has warned.
“Major efforts should be made to reform and improve the international monetary system, international trading system and commodity pricing mechanism”
"At this critical moment, the G20 must work to address the key problems, boost market confidence, defuse risks and meet challenges, and promote global economic growth and financial stability."
It was “too soon” for China to discuss more bond purchases from Europe’s bailout fund, said Vince Finance Minister Zhu Guangyao
European countries have placed hopes on China –who is sitting on 3.2 trillion U.S. dollars of foreign exchange reserves –for EU rescue.
Signs of credit loosening have shown in October, as the biggest four Chinese banks extended more than 60 billion yuan in only five workdays in the end of the month
China PMI came in a lower than expected, hitting to the lowest level since February 2009 and signaling risks in the world’s second-largest economy amid global savage turn-down.
Shang Fulin replaces Liu Mingkang as the new banking regulator; Guo Shuqing and Xiang Junbo were named as the securites regulator and the insurance regulator respectively.
China’s consumer price index, the measure of inflation, is likely to fall to 2.8 percent from the anticipated annual growth of 5.5 percent this year, said Li Daokui.
China is considering a proposal to create a regional bank in Southeast Asia to help the struggled small and medium-sized enterprises (SMEs) fund infrastructure projects, Reuters said
Performance of Chinese companies as a whole in overseas capital market has been disappointing so far this year.
With this official start to a policy of selective easing, Beijing should and can utilize its strong fiscal position to strike a better balance between growth and inflationary concerns.
French President Nicolas Sarkozy said he plans to Call Chinese counterpart Hu Jintao today to discuss China joining Europe's efforts to resolve the region's debt crisis
Hard-landing fears remain unwarranted. We expect IP growth to hover at around 13% and for monetary policy to be kept stable in the coming months.
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