February 25 2016
Category: Economic Indicators
China's Vice Finance Minister Zhu Guangyao said Thursday that the country will continue with a managed exchange rate in the interest of stability, but that there is more room on the fiscal side for policy aims."We need the yuan relatively stable and balanced given China's current economic growth status," Zhu said at an Institute of International Finance forum at Shanghai."The government is still using a managed floating exchange rate mechanism, Zhu said, adding that there is room for the government to increase the fiscal deficit this year from last year's 2.3% without providing specifics.
Category: Economic Indicators
China's Vice Finance Minister Zhu Guangyao said Thursday that the country will continue with a managed exchange rate in the interest of stability, but that there is more room on the fiscal side for policy aims."We need the yuan relatively stable and balanced given China's current economic growth status," Zhu said at an Institute of International Finance forum at Shanghai."The government is still using a managed floating exchange rate mechanism, Zhu said, adding that there is room for the government to increase the fiscal deficit this year from last year's 2.3% without providing specifics.
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