文本描述
Languishing demand in China’s export markets, an indirect
result of current instability in the American and Euro Zone
financial markets, could lead to weaker GDP growth for .
However, a slow in growth appears to be a minor concern for
the central government, as a surge in the prices of non-durable
and durable goods has steered policy precedence toward
countering structural inflation. In response to the current
economic environment, the Chinese Central Bank in
cooperation with China’s major commercial lenders have
attempted to combat inflation under the aegis of increased
monetary tightening and regulatory constraints on pricing. Such
economic control measures have included the raising of
commercial bank’s deposit reserve ratios to 15%, upward
adjustments on long term interest rates to lenders, price
controls on commodities, and quotas on commercial bank’s
loanable funds.
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