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

National

Regional

Taiwan, HK, Macao

Special Coverage

Focus

Society

Profiles

PBOC: China can weather crisis

(chinadaily.com.cn)
Updated: 2008-10-27 18:43

The Head of China's Central Bank says the country should not underestimate the scale and depth of current global financial turmoil. But Zhou Xiaochuan says the financial system in China is strong enough to withstand blows from external forces.

Zhou Xiaochuan says China mustn't underestimate the impact of the global financial crisis on its economy. But he believes the country can weather fallout from the crisis.

Zhou Xiaochuan said, "Currently our overall economic situation is good. The competitiveness of our financial institutions has strengthened, with big improvements to profitability and the management of risk. We have relatively abundant market liquidity. In short, our financial system remains very solid, and should be able to withstand external impact."

Zhou Xiaochuan believes economic growth rate will continue to trend upwards, citing the advantages of a vast domestic market, abundant liquidity and a good source of labor.

But he concedes that a substantial global economic slowdown will have some effect on Chinese export.

Zhou Xiaochuan said, "Currently our economy is highly dependent on the international market. A global downturn and a weakening external demand will ultimately have a negative impact on our economic growth."

The Central Bank Governor also expressed concerns about stock markets, fixed-asset investment and prices of commodities. He says uncertainty has increased in terms of inflation and stabilizing prices has become more complex.