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Price rises, fund inflows are a test
Source: Xinhua |
September 26, 2011, Monday
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Print Edition
Print Edition
CHINA faces pressure of price rises and capital inflows in the short term while its economic outlook is positive, central bank governor Zhou Xiaochuan has said.
"At present and in the following period, China's economic growth momentum remains relatively strong, but in the short term, China faces challenges of rapid price increases and more capital inflows," Zhou said, according to a statement posted on the website of the People's Bank of China yesterday.
Zhou made the remarks at the meeting of the International Monetary and Financial Committee, the steering body of the International Monetary Fund, held in Washington on Saturday.
The Chinese government will properly handle the balance between stable and relatively fast economic development, economic restructuring and inflation expectations, he said.
"At present and in the following period, China's economic growth momentum remains relatively strong, but in the short term, China faces challenges of rapid price increases and more capital inflows," Zhou said, according to a statement posted on the website of the People's Bank of China yesterday.
Zhou made the remarks at the meeting of the International Monetary and Financial Committee, the steering body of the International Monetary Fund, held in Washington on Saturday.
The Chinese government will properly handle the balance between stable and relatively fast economic development, economic restructuring and inflation expectations, he said.
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