久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

  Home>News Center>China
       
 

China's rate rise necessary, but not enough
(Xinhua)
Updated: 2004-10-30 16:32

An economist with Asian Development Bank said Friday that China's decision to raise interest rates is necessary, but not enough to curb inflation.

Tang Min, chief economist with Resident Mission of Asian Development Bank in China, said the rate hike by China's central bank sent a clear signal that it is concerned with the threat of inflation.


A Chinese bank teller counts 100 yuan currency notes at a Bank of China branch in Beijing, October 29, 2004. [Reuters]
The People's Bank of China, the country's central bank, announced Thursday that it will raise both lending and deposit interest rates 0.27 percentage points, effective today. The one-year deposit interest rate increased from 1.98 percent to 2.25 percent while the one-year lending interest rate up from the current 5.31 percent to 5.58 percent.

China's consumer price index (CPI) hit 5.2 percent in September, and for the first three quarters of this year, the figure stood at 4.1 percent.

"The market should get ready for possible more interest rate hikes in the future," said Tang.

If the inflationary pressure persisted or increased, the central bank might continue to raise the rates, he said.

He spoke highly of the decision by the central bank to broadenthe floating scope of the lending interest rate of RMB and to allow the RMB deposit interest rate to float downward.

Tang said it will have far-reaching significance as the central bank made the market-oriented decision to allow both the lender and borrower to decide the interest rates.

The central bank said it is the fourth time the bank broadenedthe floating scope of the lending interest rates since 1998 as part of its efforts to liberalize interest rates. The bank cited improved management capability of financial institutions to determine the interest rates and curb market risks as prompting their decision.

Tang said the impact of the interest rate hike on the country's economy will be very limited, because it is a very small step made by the central bank. It will influence people's expectation about future in making decision on investment and consumption.



 
  Today's Top News     Top China News
 

Bin Laden says he ordered 9/11 attacks

 

   
 

Priority given to efficient hydropower

 

   
 

Body resembling Japanese hostage found

 

   
 

Governor of Jilin Province resigns

 

   
 

IOC endorses 'frugal' Games campaign

 

   
 

China's rate rise necessary, but not enough

 

   
  China's rate rise necessary, but not enough
   
  Governor of Jilin Province resigns
   
  Drought hits Jiangxi Province
   
  Investigation for coal mine blast begins
   
  Hu urges Pakistan to protect Chinese citizens
   
  China hopes detainees in Guantanamo appropriately handled
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  News Talk  
  It is time to prepare for Beijing - 2008  
Advertisement
         
主站蜘蛛池模板: 精品日韩欧美一区二区三区 | 一级片高清 | 久久毛片免费看一区二区三区 | 三级视频网站在线观看播放 | 国产一区二三区 | 好看的看黄a大片爽爽影院 好男人天堂网 | 日本黄页网站免费大全 | 亚洲精品在线视频观看 | 毛片亚洲毛片亚洲毛片 | 国产黄色三级三级三级 | 亚洲精品久久一区二区无卡 | 国产原创91| 亚洲午夜久久久久国产 | 精品91一区二区三区 | 国产亚洲精品看片在线观看 | 精品一区二区三区视频 | 亚洲国产精品乱码在线观看97 | 一级做a爱过程免费视频麻豆 | 高清波多野结衣一区二区三区 | 美女扒开腿被男人猛视频 | 国产精品7m凸凹视频分类大全 | 美女扒开腿让男生桶爽网站 | 黄网在线观看免费网站台湾swag | 久久精品国产一区二区 | 欧美色欧美亚洲高清在线视频 | 久草在线色站 | 精品韩国主播福利视频在线观看一 | hd最新国产人妖ts视频 | 免费在线视频成人 | 久久视频这里只有精品 | 性做久久久久免费观看 | 九九99久久精品国产 | 久久久久国产成人精品亚洲午夜 | 在线观看二区三区午夜 | 日本加勒比视频在线观看 | 一区二区3区免费视频 | 久久er热视频在这里精品 | 免费香蕉成视频成人网 | 国产成人欧美一区二区三区的 | 最近手机高清中文字幕大全7 | 91久久精品一区二区三区 |