Zheng Jingping
Zheng Jingping
assets bank call fixed growth investment problems prominent rapid
There are prominent problems that call for our attention, such as rapid growth of investment in fixed assets and of bank loans.
abundant bank chinese demand forces growth guarantee high labor market rapid rate robust
China's high rate of bank savings, investment, robust market demand and abundant labor forces guarantee the rapid growth of the Chinese economy.
attention bank bit boost consider disorders economic economy eventually expansion faster gained grew inflation lead loans rapid short state
Bank loans grew a bit faster in the first quarter, which has gained the attention of the State Council. Rapid expansion may boost the economy in the short term, but it will eventually lead to inflation and economic disorders and we should consider it seriously.
continued develop economy good growth momentum rapid steady target towards
The nation's economy has continued to develop towards the target of macro-regulation as a good momentum of steady and rapid growth is maintained.
economic fast marked national social stable
National economic and social development is upbeat, marked by fast yet stable economic growth.
control
We need to control the availability of credit.
increases price
We should see the slowdown in price increases as positive,
attention bank commercial control credit guidance pay strengthen
We should pay attention to control of bank credit offerings and strengthen guidance for commercial banks.
cannot exchange letting problems rate rise simply solved trade
Trade problems cannot be solved simply by letting the exchange rate rise or fall.
affected crude degree high oil overall per
China's overall crude oil consumption is about 8% or 9% of world consumption and per capita consumption is a little less. So we are affected (by high prices) but the degree that we are affected is limited.
china consumers course high imports industries oil process
China imports about 40% of its oil so of course we are affected, especially the industries that are high consumers of oil or that process oil products.
china crude effects limit measures oil rising
China has measures to limit the effects of rising crude oil prices.
happen
Frankly, I don't think this coincidence will happen again.
appreciation cannot currency simply solve
Simply resorting to currency appreciation cannot solve the problem. This has been illustrated by Japan's case.