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What to look for in a tablet Story Chambliss
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Article From Article Directory Database International Monetary Fund (IMF) Managing Director Christine Lagarde (2nd R) http://www.torontomapleleafsteamstore.com/adidas-leo-komarov-jersey , Chinese Finance Minister Xiao Jie (2nd L) and China's central bank governor Zhou Xiaochuan (1st L) are seen before posing for a group photo of the G20 Finance Ministers and Central Bank Governors Meeting in Washington D.C., capital of the United States, on April 21, 2017. Finance ministers from the Group of 20 leading economies have reached a broad consensus that free trade and open markets is better for promoting global economic growth, German senior officials said on Friday. (XinhuaYin Bogu)
WASHINGTON http://www.torontomapleleafsteamstore.com/adidas-lanny-mcdonald-jersey , April 21 (Xinhua) -- China's economy is on track to reach its growth target of around 6.5 percent this year with financial risks "well under control," the country's central bank chief said on Friday.
"The strong momentum has been maintained in the first quarter of 2017. The gross domestic product (GDP) grew by 6.9 percent year-on-year and inflation by 1.4 percent," Zhou Xiaochuan, governor of the People's Bank of China (PBOC), said in a statement.
The statement was released by the International Monetary Fund (IMF) on its website for a meeting of the International Monetary and Financial Committee (IMFC).
"As the growth of investment and trade stabilized and recovered http://www.torontomapleleafsteamstore.com/adidas-kris-versteeg-jersey , consumption grew steadily, and employment remained broadly stable. The expected 6.5 percent growth for this year is within reach," he said.
Zhou said China is "fully confident" about preventing and eliminating systemic financial risks, as the profitability of industrial enterprises has improved significantly and the banking sector's capital and provisions remain adequate.
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Going forward, monetary policy will remain "prudent and neutral," striking a better balance between stabilizing growth and the task of deleveraging, preventing asset bubbles, and containing the accumulation of systemic risks http://www.torontomapleleafsteamstore.com/adidas-josh-leivo-jersey , the central bank governor said.
Zhou reiterated that the Chinese government will continue to "push forward reforms on all fronts," including reforms in the financial sector, the fiscal and taxation system, and the state-owned enterprises, as well as addressing excess capacity in the coal http://www.torontomapleleafsteamstore.com/adidas-johnny-bower-jersey , steel and other industries.
In terms of IMF reforms, Zhou said the IMF should continue to advance the quota and governance reform to ensure that the institution remains quota-based and adequately resourced.
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