标题: [转贴] Wen: China to Adjust Policy As Needed [打印本页] 作者: 何鸿燊 时间: 2011-10-25 23:03 标题: Wen: China to Adjust Policy As Needed
By Bloomberg News - Oct 25, 2011
Chinese Premier Wen Jiabao said that economic policy will be fine-tuned as needed and the industry ministry said it is studying “stimulative policies” for smaller companies as a global slowdown threatens growth.
Officials will make adjustments at a “suitable time and by an appropriate degree,” Wen said in a statement published late yesterday. The Ministry of Industry and Information Technology and other government agencies will work to help small businesses facing difficulties, it said separately in a statement today.
A drop in Hong Kong’s exports reported yesterday highlights the risk that China’s growth will be dragged down by slumping global demand as Europe struggles to solve its debt crisis. Wen’s comments fueled speculation that the government may loosen constraints on lending, with Guotai Junan Securities Co. saying that reserve requirements for smaller lenders may be cut before year-end.
The premier’s statement “supports our view that China’s government is likely to relax credit controls” toward the end of the year, said Wang Qinwei, China economist at Capital Economics Ltd. in London.
The Shanghai Composite Index rose for a third day, climbing 0.9 percent as of 10:31 a.m. local time.
Gross domestic product expanded 9.1 percent in the third quarter from a year earlier, the least in two years. China hasn’t raised interest rates since July, the longest pause since increases began in October last year.
