国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Economy

China can meet growth targets without stimulus: PBOC governor

(Xinhua) Updated: 2016-03-12 10:57

China can meet growth targets without stimulus: PBOC governor

Zhou Xiaochuan, governor of the People's Bank of China, at a press conference on the sidelines of the national legislature's annual session. [Photo/China Daily by Feng Yongbin]

BEIJING - The growth targets China has set for this year and the 13th Five-Year Plan period (2016-2020) can be realized through improving domestic demand, consumption and innovation, without big stimulus, central bank governor said Saturday.

"China will stick to the prudent monetary policy," said Zhou Xiaochuan, governor of the People's Bank of China (PBOC), at a press conference on the sidelines of the national legislature's annual session.

China's growth target for 2016 is in the range of 6.5 percent and 7 percent, while that for years leading to 2020 is above 6.5 percent.

These are "anticipatory targets," which are made on the basis of China's growth trajectory in the past and its growth potential in the future, Zhou said.

China seeks growth by relying more on domestic demand, as the old growth driver of exports loses steam and is not able to contribute to the economic growth the way it used to, Zhou said, adding that China has no intention of manipulating its currency rate to stimulate exports.

With the improvement in domestic demand, consumption and innovation, the growth targets are attainable without resorting to stimulus.

Yi Gang, PBOC vice governor, added that China's reform and opening-up drive will unleash more growth momentum.

In the event of global and domestic financial turbulence, however, Zhou said that China's monetary policy will be flexible.

RMB value back to reasonable level

The Chinese currency renminbi, or the yuan, has started to return to its normal and reasonable level after volatility, and the trend will continue, central bank governor said Saturday. Read More

No worry about asset backed securitization in China

The market of asset-backed securitization (ABS) is quite small in China and risks can be prevented through better oversight and transparency, central bank governor said on Saturday. Read More?

Dim sum bonds future good

From a mid-term perspective, the dim sum bonds would have a nice future, China's central bank governor Zhou Xiaochuan said on Saturday. Read More

No need to stimulate exports by devaluating RMB

Despite sluggish foreign trade, there is no need for China to resort to special measures to improve competitiveness of the country's exports, central bank governor said Saturday. Read More

Financial reform 'under discussion'

Reform of China's financial regulation system is under discussion, Zhou Xiaochuan, central bank governor, said Saturday. Read More

 

Hot Topics

Editor's Picks
...
抚远县| 刚察县| 左权县| 偃师市| 金华市| 龙井市| 建昌县| 车险| 蓬溪县| 郸城县| 九江市| 桓仁| 茶陵县| 灌南县| 昂仁县| 南陵县| 长治市| 吴川市| 博客| 鞍山市| 徐闻县| 八宿县| 颍上县| 资中县| 荔波县| 莱州市| 西乡县| 北票市| 新沂市| 大英县| 罗江县| 安岳县| 龙陵县| 峨边| 阿尔山市| 英超| 裕民县| 连平县| 常德市| 清镇市| 安图县|