日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

CHINA> Key Reports
China to curb lending, investment
(Bloomberg)
Updated: 2007-03-05 10:37

China will take more steps to curb investment and lending, Premier Wen Jiabao said, as the government tries to stop the world's fastest-growing major economy from overheating.

The country will further regulate real estate, Wen told the annual meeting of the National People's Congress in Beijing.

China needs to prevent cash from the country's record trade surplus from stoking inflation and raising the risk of asset bubbles and investment in unneeded factories. The economy accounts for about a tenth of global growth and expanded by 10.7 percent in 2006, the fastest pace in 11 years.

The government is "focusing more on the quality of growth than the pace of growth," said Isaac Meng, senior economist at BNP Paribas Securities Asia in Beijing. "How to cool down real estate and dampen property prices remains a key focus."

Wen reiterated the target in China's five-year plan of 8 percent annual growth in 2007. His speech mostly restated existing policies. The government will control excess liquidity and further boost domestic consumption, Wen said.

China's growth targets are "regularly set and regularly exceeded," said Stephen Green, senior economist at Standard Chartered Bank Plc. in Shanghai.

China is trying to reduce a reliance on exports and achieve more balanced growth. The boom in overseas sales pushed foreign exchange reserves to $1 trillion and created tension with trading partners. China's exports are cheap because the yuan is kept weak, U.S. and European manufacturers and lawmakers say.

Borrowing Costs

The central bank raised interest rates in April and August and last month ordered banks to set aside more money as reserves for the fifth time in eight months, seeking to prevent an overheating.

Investment growth in the first two months of this year is likely to trigger a rise in rates, Green said. Eleven of 14 economists surveyed by Bloomberg News in January predicted the central bank will raise its benchmark rate in the first half from 6.12 percent.

China's property prices rose faster in January, led by roughly 10 percent growth in Shenzhen and Beijing, confounding government attempts to slow gains. China's stocks have this year touched record highs and also slumped by the most in a decade, raising concern about bubbles.

"We want growth to be slower, but it's not sure whether we can achieve 8 percent," central bank Governor Zhou Xiaochuan said Feb. 9.

Ballooning Surplus

China's 2006 trade surplus ballooned by 74 percent to $177.5 billion. The U.S. trade deficit with the nation reached a record $232.5 billion.

Consumer prices rose more quickly in December and January than in the previous 20 months, with increases of 2.8 percent and 2.2 percent respectively. Central bank assistant governor Yi Gang said last month that the government is determined to fight inflation this year.

Investment and lending may rebound, increasing the risk of accelerating consumer price increases, the People's Bank of China said in February. China's new yuan lending last year totaled 3.18 trillion yuan ($410 billion), overshooting the bank's target by 27 percent.

 

主站蜘蛛池模板: 欧美成人欧美激情欧美风情 | 男女一进一出无遮挡黄 | 久福利| 97超级碰碰视频在线 | 激情五月色综合色婷婷 | 亚洲a网 | 波多野吉衣一区二区 | 四虎影片国产精品8848 | 亚洲精品欧美一区二区三区 | 久久草在线 | 黄色免费观看 | 亚洲国产精品一区二区第一页 | 成人亚洲一区二区三区 | 欧美日韩中 | 521国产精品视频 | 91在线免费观看 | 欧美偷拍自拍视频 | 午夜国产精品免费观看 | 欧美亚洲理伦电影毛片在线播放 | 欧美疯狂xxxx乱大交视频 | 日韩视频二区 | 色综合天天射 | 日韩一区二区三区在线看 | 日日干天天摸 | 欧美自拍电影 | 国产精品久久国产精品 | 日韩欧美一区二区三区在线 | 成人97在线观看免费高清 | 欧美一区二区三区在线观看视频 | www亚洲一区 | 亚洲欧洲另类 | 1级毛片 | 国产精品视频网 | 日本一区中文字幕 | 欧美性高清bbbbbbxxxxx | 亚洲成人免费视频 | 三级毛片免费看 | 成人精品在线 | 激情一区 | 男人添女人下面免费网站 | 精品久久久久久久久久 |