The M2 growth target was endorsed by leaders at the closed-door Central Economic Work Conference in December, according to sources with knowledge of the meeting outcome.This looks like a lowering of expectations to meet reality, not a change in policy. M2 increased 11.3 percent in 2016, slower than the 13 percent target.
"It's not necessary to maintain last year's high money supply growth," said a source who advises the government.
"A money supply rise of 11 percent should be enough for supporting growth, but we probably need to have some extra space, considering risks in the process of deleveraging."
中国广东暴雨持续 深圳发暴雨“红色警报”
-
中国南部人口密度高、经济发达的珠江三角洲地区因连日持续的创纪录降雨,使当地一些城市遭受洪灾。 路透社报道说,自 […]...
No comments:
Post a Comment