- Analytics
- News and Tools
- Market News
- Central Bank of China: the downward pressure is still high, but China can achieve the growth goal
Central Bank of China: the downward pressure is still high, but China can achieve the growth goal
"Downward pressure on the Chinese economy remains quite strong, but the country is able to ensure the GDP growth of more than 6.5 percent this year," - said Bai Chong, Policy Advisor at the central bank and a professor at Tsinghua University.
"The pressure on the economy is still quite large, but there should be no problem for us to achieve growth of more than 6.5 percent," - said Bai.
"China's has already done a lot with monetary policy", adding that he agreed with the assessment that the tax cuts would be more effective in promoting growth than lower interest rates.
"We did a lot in terms of adjustment of monetary policy but fiscal policy should also have to be more appropriate in the current environment." - Said Bai.
Recall, China has set a target for GDP growth this year in the range of 6.5 percent to 7.0 percent. At the end of 2015 the economy grew by 6.9 percent, the weakest pace in 25 years.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
