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China may ease monetary policy to promote growth
15 Mar '12
1 min read
China is expected to ease monetary policy to promote growth in the coming months, say analysts.
But few analysts expect that the new round of stimulus will reach the scale of spending stimulus and lending policies introduced in 2009 and 2010 to cope with the global financial crisis.
The report released last week showed that China's trade deficit reached US $31.5 billion in February, a figure, which far exceeded expectations of most analysts.
In fact, at the beginning of last week, Premier Wen Jiabao lowered China's economic growth target to 7.5 percent for this year from 8 percent, a target prevalent since 2005.
China's economic growth rate has often been more than Wen's forecast. However, the growth of gross domestic product (GDP) may be lower than this target in the first quarter of 2012.
China has never seen GDP growth rate lower than the target set by the Government in any quarter since early 2009.
But few analysts expect that the new round of stimulus will reach the scale of spending stimulus and lending policies introduced in 2009 and 2010 to cope with the global financial crisis.
The report released last week showed that China's trade deficit reached US $31.5 billion in February, a figure, which far exceeded expectations of most analysts.
In fact, at the beginning of last week, Premier Wen Jiabao lowered China's economic growth target to 7.5 percent for this year from 8 percent, a target prevalent since 2005.
China's economic growth rate has often been more than Wen's forecast. However, the growth of gross domestic product (GDP) may be lower than this target in the first quarter of 2012.
China has never seen GDP growth rate lower than the target set by the Government in any quarter since early 2009.
Fibre2fashion News Desk - China
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