www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

Make me your Homepage
left corner left corner
China Daily Website

Central bank to continue its hands-off policy

Updated: 2013-11-06 10:35
By Gao Changxin in Shanghai ( China Daily)

People's Bank of China to only 'conduct fine-tuning' as nation carries out essential economic reforms

China's central bank said on Tuesday that it will continue its hands-off stance on the money market, as it maintains a "stable" monetary policy that facilitates the nation's essential structural reforms.

The central bank "will neither loosen nor tighten liquidity (but) will conduct fine-tuning in response to market changes", said the People's Bank of China in a quarterly monetary policy report it posted on its website.

The PBOC's announcement came just one day after Premier Li Keqiang warned against further expansion of already loose monetary policies. China's credit supply, he said, already is more than 100 trillion yuan ($16.4 trillion).

It also sheds light on how the nation's leaders will map out China's monetary policies at a crucial Nov 9-12 meeting, widely believed to be establishing a roadmap for where the world's second-biggest economy is going under the new leadership.

Most experts agree that China's $8.5 trillion economy is in need of change, as the current path, relying as it does on exports and investment, appears unsustainable.

To reshape the economy, the government has indicated it will seek growth led by consumption.

"The economy may experience a relatively long period of deleveraging and dealing with overcapacity," PBOC said in the report, since there are risks to the economy after years of rapid expansion driven by fast credit growth.

But China's credit supply still is growing at a rapid clip, despite efforts to slow it down through reforms.

M2, the broad measure of the money supply, grew 14.2 percent year-on-year to 107.7 trillion yuan by the end of September. The growth rate was 0.2 percentage point higher than at the end of June and 0.4 percentage point higher than the end of last year.

Outstanding bank loans grew 14.6 percent to 75 trillion yuan, a rate that was 0.5 percentage point lower than at the end of the second quarter.

The PBOC said inflation is likely to shoot up further amid rapid credit growth and property prices that have recently seen revitalization.

The consumer price index, the main gauge of inflation, rose 3.1 percent year-on-year in September, 0.5 percentage point faster than a 2.6 percent rise in August. It also exceeded market consensus of a 2.9 percent rise.

The biggest economic debate revolves around the property market and local government debt, PBOC said.

Mortgage loans increased by 1.2 trillion yuan from the year's start to the end of September, as markets have become "overheated" in some regions and have exceeded banks' ability to extend loans.

October saw the highest home prices yet this year, driven by strong demand.

The government will use market mechanisms to ease local government debt, the PBOC said without elaborating.

Beijing, which has said it doesn't know the full extent of those debts, said it is set to announce the findings of a recent audit.

Dow Jones Newswires contributed to this story.

 
8.03K
 
...
主站蜘蛛池模板: 亚洲香蕉久久一区二区 | 九草在线 | 久久久精品国产免费观看同学 | 成人免费观看永久24小时 | 美女免费毛片 | 国产综合在线观看 | 国语一级毛片 | 亚洲高清成人欧美动作片 | 粉嫩高中生的第一次在线观看 | 久久久香蕉视频 | 手机看片国产精品 | 最新国产精品视频免费看 | 日本视频在线免费观看 | 日韩一级在线播放免费观看 | 欧洲乱码伦视频免费 | 成人男女18免费o | 成人性视频免费网站 | 亚洲精品国产成人7777 | 成年人在线看片 | 毛片免费在线观看网址 | 日本欧美一区二区三区高清 | 亚洲精品高清久久 | 一区精品麻豆经典 | 武松金莲肉体交战在线观看 | 洋老外米糕国产一区二区 | 无遮挡一级毛片私人影院 | 色青青草原桃花久久综合 | 有码视频在线观看 | 国产99视频精品免费视频7 | 最近中文字幕免费视频 | 亚洲精品一区二区三区第四页 | 国产原创在线视频 | 欧美精品国产精品 | 美女扒开腿让男生桶爽网站 | 免费老外的毛片清高 | 综合激情网站 | 国产黄色片网站 | 久久精品视频一区 | 国产亚洲精品自在线观看 | a级精品九九九大片免费看 a级毛片免费观看网站 | 日韩一区二区三区视频 |