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 AccueilRepères / Mise à jour 08/12/04


07/12/04 – Chine - La Chine à la recherche de stabilité économique en 2005 - Economic stability tops China's agenda for 2005...



Economic stability tops China's agenda for 2005
International Herald Tribune 06/12/04

"China has said that cooling its economy and maintaining a stable currency will be the government's priorities next year.

Maintaining controls on investment and "a stable monetary and exchange policy" will be the government's focus, the official Xinhua News Agency reported late Sunday after the end of an annual economic policy meeting attended by President Hu Jintao and Prime Minister Wen Jiabao.

The statement suggests that the government has no plans to relax lending curbs that slowed growth to 9.1 percent in the third quarter from a year earlier, compared with a 9.8 percent pace in the first quarter.

It also reinforces Wen's stance that currency speculation makes it harder for China to loosen the yuan's peg to the dollar, said Ma Jun, chief economist for China at Deutsche Bank in Hong Kong.

"By maintaining stable policies, they are trying to engineer a very mild slowdown of growth next year," Ma said. "The government probably realizes that every time it devotes a lot of words to the currency, it causes speculation."..."


The Two Faces of China  
NYT 06/12/04


"...Mr. Smith was startled when his staff recently projected that in 2034, bank assets in China would surpass those in the United States..."

"...Much the same surprise is cropping up in industry after industry and in country after country. From steel to oil to cars to credit cards, China is poised to become the world's biggest producer and market for many goods and services..."




... Plus d'informations et analyses
        dans le Club Strategic Road



Lire également, Read also :

Greater China: More Growth Now, Less Later - morganstanley
Venture capitalists flock to China - IHT
China Fin Min: New Fiscal Policy Will Continue Deficits - DJ
China Pledges to Keep Growth Controls, Yuan Stability - Bloomberg
China Leaders Vow to Keep Economy on Track - AP
China to strive for prudent, stable fiscal, monetary policies in 2005 - AFP
9.3% economic growth for China in 2004 expected - Xinhuanet


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