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

Economic dampeners take effect
(Xinhua)
Updated: 2006-07-14 22:37

China's central bank said on Friday that the growth rate of both M2, the broad measure of money supply, and M1, the narrow measure of money supply, slowed at the end of June 2006.

Statistics from the People's Bank of China showed that M2 grew 18.43 percent, down 0.62 of a percentage point from May, and M1 grew 13.94 percent, down 0.07 of a percentage point.

M1 is an antecedent index for national economic performance, reflecting the change in the amount of money in the hands of residents and enterprises, while M2 shows the demand of the whole of society and indicates possible inflation.

Meanwhile, China's RMB loans outstanding totaled 21.53 trillion yuan (2.7 trillion U.S. dollars) at the end of June, up 15.24 percent from June last year, which was 0.73 of a percentage point lower than the January-May period.

New local currency loans totaled 394.7 billion yuan (49 billion U.S.dollars) in June, 70.6 billion yuan less than the same period last year.

The decline indicated that a slew of government moves to rein in excessive lending and cool the economy were starting to work, analysts said.

Some economists and officials have expressed alarm at the surge in lending, saying it could lead to financial problems if investments are unprofitable. The investment-driven economy is growing at a pace of 10 percent.

The People's Bank of China responded on April 28 by raising the minimum rate commercial banks charge on one-year RMB loans by 27 basis points to 5.85 percent in an aggressive move to discourage lending. It was the first increase since October 2004.

It also required domestic commercial banks to raise their required reserves at the central bank by 0.5 percentage points starting on July 5.

The bank, however, left interest rates on deposits unchanged as increased interest could encourage savings and dampen spending at a time when China is hoping consumers will contribute more to economic expansion.

"Generally speaking, the current financial situation is stable, " the central bank said in a statement.

But some experts still think RMB loans are growing too fast, which may lead to an economic bubble. In the first half, loans increased by 2.18 trillion yuan, making up 87 percent of the government's annual target.

The central bank, expected by most analysts to take further action to cool the economy, has several options to restrain loan growth and money supply, including raising interest rates and expanding the fluctuation range of the RMB exchange rate.

On July 18, China's National Bureau of Statistics will publish the GDP growth rate for the first half, and it is expected to exceed the 10.3-percent-rise in the first quarter and influence the decision-making of the central bank on future monetary policy.

 
 

主站蜘蛛池模板: 久操福利视频 | 99热碰 | 深夜在线观看大尺度 | 中文国产成人精品久久一 | 96精品视频在线播放免费观看 | 国产一区二区免费在线 | 国产精品久久久久国产精品 | 91寡妇天天综合久久影院 | 久久频这里精品香蕉久久 | 国产精品天堂avav在线 | 亚洲在线小视频 | 久久91亚洲精品中文字幕 | 毛片大片免费看 | 久久影院在线观看 | 黄色一级a毛片 | 国产成人aaa在线视频免费观看 | 韩日一区二区 | 日韩欧美一区二区三区久久 | 欧美成人免费高清网站 | 久久久久久久99精品免费观看 | 综合久久久久久中文字幕 | 中文字幕日韩三级 | 波多野结衣一区二区三区高清在线 | 亚洲国语在线视频手机在线 | 99国产福利视频在线观看 | 成人免费视频69 | 欧美日韩精品一区二区 | 最新欧美精品一区二区三区不卡 | 久久www免费人成_看片高清 | 亚州一区二区 | 性生话一级国产片 | 国产九九精品 | 国产最爽的乱淫视频国语对 | 曰本人做爰大片免费观看一 | 一级做a级爰片性色毛片视频 | 一本久道在线 | 免费看a视频 | 国产精品视频免费一区二区三区 | 日本高清免费视频www | 日本一级做人免费视频 | 国产免费一级精品视频 |