China states its case to world's finance leaders
Source: Xinhua |
June 6, 2010, Sunday
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Print Edition
Print Edition
CHINA'S Finance Minister Xie Xuren and central bank Governor Zhou Xiaochuan have outlined the nation's views on major agenda items at the G20 finance ministers and central bank heads meeting in Busan, South Korea, Chinese representatives said yesterday.
Xie told the meeting that China will push for expanding domestic demand while reforming its structure, in a bid to accelerate economic development.
He also said the Chinese government would implement an aggressive fiscal policy, together with a moderately accommodative monetary policy.
Zhou supported proposals to tighten financial regulation, saying financial institutions' stronger capital and liquidity standards adds to enhancing risk management.
The finance minister said that while carefully finalizing the timing and method of exit strategies with regard to their economic situations, the countries need to seek economic growth and brace for inflation and fiscal risks at the same time.
Xie told the meeting that China will push for expanding domestic demand while reforming its structure, in a bid to accelerate economic development.
He also said the Chinese government would implement an aggressive fiscal policy, together with a moderately accommodative monetary policy.
Zhou supported proposals to tighten financial regulation, saying financial institutions' stronger capital and liquidity standards adds to enhancing risk management.
The finance minister said that while carefully finalizing the timing and method of exit strategies with regard to their economic situations, the countries need to seek economic growth and brace for inflation and fiscal risks at the same time.
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