Sponsored by: Investment Center

Something new in your business?  Click here to submit your business press release

Chamber Corner | Main Street News | Job Hunt | Classifieds | Calendar | Illinois Lottery 

China To Avoid Big Economic Stimulus: Central Bank Chief

Send a link to a friend  Share

[May 10, 2014]  BEIJING (Reuters) - China will not use any large-scale stimulus to boost its economy, Central Bank Chief Zhou Xiaochuan was reported as saying on Saturday, in response to speculation that authorities might lower reserve requirements for banks to spur growth.

Zhou, who was speaking at a closed-door session at the Tsinghua University, was also reported by Phoenix New Media Ltd as saying the central bank would only "fine-tune" its policy to counter economic cycles.

There has been market speculation that China may reduce the amount of cash commercial banks must hold as reserves at the central bank to shore up its economic growth, which fell to an 18-month low in the first quarter.

(Reporting by Koh Gui Qing; Editing by Clarence Fernandez)

[ 2014 Thomson Reuters. All rights reserved.]

Copyright 2014 Reuters. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

< Top Stories index

Back to top