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

  Home>News Center>China
       
 

Central bank alert on inflation
(China Daily by Xu Binglan)
Updated: 2004-02-24 23:39

The central bank Tuesday warned against looming inflation in 2004 and vowed to control credit growth to fend off inflationary pressures.

In its annual monetary policy report, the People's Bank of China predicted that the country's consumer price index (CPI), the key barometre for inflation, will grow by 3 per cent this year. This compared to 1.2 per cent in 2003.

Driven by rapid economic growth, particularly investments, CPI growth accelerated in the second half of last year, from below 1 per cent to 3.2 per cent in December.

Price hikes of grain and raw materials will spill over well into 2004.

"Even without new factors driving price growth, the index will move to 2.2 per cent by itself in 2004," the report said.

"We really can not be optimistic about the situation of inflation."

The report said the central bank will use various instruments to control excessive lending growth to cool the heating investing activities.

It said that the central bank aims to limit new credits nationwide, which stood at 3 trillion yuan (US$360 billion) last year, to 2.6 trillion (US$310 billion) in 2004.

Growth of the M2 index, which measures both cash in circulation and deposits, is targeted at 17 per cent this year, as compared to 19.6 per cent in 2003, Zhou said.

Leading economic officials have said that overcapacity, blindly launched projects and some cities' unnecessarily grand urban development programmes have resulted in faster-than-needed investment growth, which is behind the inflationary pressure.

These projects and programmes, many of which were funded by bank loans, pose a threat to the health of the financial institutions and the economy as whole, they said.

 
  Today's Top News     Top China News
 

Office: Beijing watches Taiwan developments closely

 

   
 

State tightens farmland protection

 

   
 

Doctor starts 49-day fast to test TCM regimen

 

   
 

Fighting follows Afghan minister's killing

 

   
 

China values military ties with neighbors

 

   
 

Dads ask: 'Is this my child?'

 

   
  Three Gorges Dam Project sparks new relocation
   
  Long March III A chosen for lunar mission
   
  Education key to ending sex trade
   
  China values military ties with neighbors
   
  Going-west still a top development strategy
   
  Office: Beijing watches Taiwan developments closely
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  News Talk  
  Are the Chen-Lu shootings a fabricated hoax or an amateurish bungling  
Advertisement
         
主站蜘蛛池模板: 亚洲激情中文 | 在线看亚洲 | 天天干天天操天天透 | 黄色网址入口 | 欧美精品一区二区精品久久 | 日韩精品亚洲人成在线播放 | 日韩欧美精品在线 | 亚洲已满18点击进入在线观看 | 国产福利不卡一区二区三区 | 日本在线综合 | 成人毛片网站 | 欧美洲视频在线观看 | 91精品国产综合久久婷婷香蕉 | 欧美日韩不卡在线 | 成人午夜爽爽爽免费视频 | 国产欧美一区二区三区在线看 | 欧美极品欧美精品欧美视频 | 91欧美国产 | 午夜欧美| 成人精品视频一区二区三区 | 日韩男人天堂 | 大香萑75久久精品免费 | 国产高清视频一区二区 | 国产福利在线播放 | 国产视频1 | 欧美日韩在线第一页 | 午夜在线观看视频 | 性夜影院爽黄e爽在线观看 苏晓晖个人简介军衔 | 波多野结衣办公室在线观看 | 色综合久久天天综合网 | 欧美日韩一区二区三在线 | 久久草视频这里只精品99 | 91九色视频在线播放 | av色偷偷 | 亚洲欧美日韩另类精品一区二区三区 | 国产二区三区在线播放 | www.久久久.com| 欧美色综合天天久久综合精品 | 毛片在线不卡 | 国产99精品 | 韩国美女激情视频一区二区 |