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: 国产成人不卡亚洲精品91 | 久久韩国| 成年女人免费观看视频 | 亚洲免费网 | 高清欧美性狂猛bbbbbbxxxx | 久久免费高清视频 | 一级特黄爽大片刺激 | 日韩一级在线播放免费观看 | 国产成人亚洲精品 | 日本无卡码一区二区三区 | 国产成人午夜性视频影院 | 国产成人在线视频免费观看 | 久久精品二三区 | 日韩欧美亚洲 | 91b站| 日韩欧美中文字幕在线视频 | 久草热线视频 | 欧美日本在线三级视频 | 精品一区二区三区免费爱 | 国产男女爽爽爽爽爽免费视频 | 大尺度福利视频奶水在线 | 91在线精品亚洲一区二区 | 久久久国产精品免费视频 | 尤物tv已满18点击进入 | 在线视频中文 | 日韩特级| 国产精品亚洲第一区二区三区 | 亚洲一区二区三区久久 | 成年男女男精品免费视频网站 | 亚洲精品色 | 韩国免费a级毛片 | 美女张开腿双腿让男人桶 | 91精品日本久久久久久牛牛 | 美女把张开腿男生猛戳免费视频 | 草草影院永久在线观看 | 国产a网| 午夜性刺激免费视频观看不卡专区 | 中文字幕一区二区三区久久网站 | 91成人在线播放 | 国产三级在线观看 | 免费一级做a爰片性色毛片 免费一极毛片 |