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

   

CHINA / National

China raises bank lending rate to slow investment
(chinadaily.com.cn)
Updated: 2006-04-28 09:26

While the central bank rate increase is intended to discourage lending in general, the government has also taken more targeted measures in sectors where growth appears to be outstripping demand. Investment controls have already been imposed on the aluminum, ferrous alloy, coke and cement industries.

The auto industry will be next, He Yanli, a vice-director at the National Development and Reform Commission, told Dow Jones Newswires Thursday.

Car sales in the first three months this year rose 74 per cent from the same period a year earlier to 890,000 units, according to data from the China Association of Automobile Manufacturers.

International Reaction

The US Treasury Department welcomed the move as a sign Beijing was being flexible in its management of the giant economy.

"It's another example of the Chinese using market instruments to deal with market conditions in their economy," Treasury spokesman Tony Fratto told reporters. "From that perspective, it's positive.”

Federal Reserve Chairman Ben Bernanke said that allowing the yuan to move more freely would give Beijing even more independence in setting monetary policy.

"It's a very large country, they need to have an independent monetary policy. They can't really run independent monetary policy without a flexible exchange rate," he said.

Lorenzo Bini Smaghi, the European Central Bank board member responsible for international relations, called the Chinese move a step in the right direction. Asked in Florence, Italy, if more hikes were needed, he replied: "Yes, and they'll do it."

"It's a positive step in so far as it should help take some of the steam out of investment demand. It also signals a proactive central bank," said Ben Simpfendorfer, a strategist with Royal Bank of Scotland in Hong Kong, in an interview with the Reuters.

The Chinese authorities have been trying for the past year to rebalance high economic growth rates away from investment and more into domestic consumption -- a shift that could help rein in the soaring trade surplus by lifting imports, analysts said.


Page: 123

 
 

Related Stories
 
主站蜘蛛池模板: 大伊香蕉精品视频在线观看 | 中文在线视频 | 正在播放国产大学生情侣 | 视频一区在线 | 欧美性一区二区三区 | 手机看片福利永久 | 一级做a爱 一区 | 久久久久综合国产 | 亚洲国产精品久久久久666 | 最近中文在线中文 | 日本三级网站在线线观看 | 久艹精品 | 日韩一区二区天海翼 | 亚洲国产一区二区三区在线观看 | 亚洲成人综合网站 | 亚洲成人www | 成年人在线免费 | 萌白酱粉嫩jk福利在线观看 | 一本久| 中文在线日韩 | 日本一级全黄大片 | 精品综合久久久久久蜜月 | 欧美大片毛片大片 | 91福利精品老师国产自产在线 | 欧美成人视 | 欧美一级aa免费毛片 | 91色视| 成人18免费| 18黄网站 | 成人高清在线观看 | 欧美xxxxx色视频在线观看 | 九九九九热精品免费视频 | 国产成人无精品久久久 | 久爱午夜精品免费视频 | 亚洲精品国产成人专区 | 曰本aaaaa毛片午夜网站 | 日韩欧美久久一区二区 | 国产精品亚洲一区在线播放 | 麻豆日韩 | 国产精品久久久久9999小说 | 一级毛片子 |