 |
|
|
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 finance minister welcomes U.S. policy withdrawal: Xinhua
[February 24, 2014]
BEIJING (Reuters) — Attempts by the Federal Reserve to dial back its
super-loose monetary policy are good for China because
it shows the world's largest economy is improving,
China's finance minister was quoted as saying on Sunday. Lou Jiwei, in Sydney for a G20 meeting, told state news agency Xinhua the Fed's withdrawal of its ultra-loose policy would create short-term liquidity problems in some fragile economies, but China would be unaffected. |
|
Lou said China's current focus was on generating
high-quality economic growth, producing moderate price pressures
while creating a relatively large number of jobs. He said many officials at the G20 meeting held out hope that
China could remain the future growth engine of the world
economy, but that was not sustainable. "I made it clear to everyone, growth rates like those in 2009
and 2010, when China contributed 50 percent of world economic
growth, that is not sustainable," Lou was quoted as saying. (Reporting by Koh Gui Qing; editing by Ron Popeski) [© 2014 Thomson Reuters. All rights reserved.] Copyright 2014 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
|
 |
|
|
|
|
|
|
