China Can Endure Growth Slowdown to 6.5%, Finance Chief Says

Investors Should Reset Ambitions on China

It may well be that they dont want people to be suckered into a false stock-market rally. The comment reinforces the reform credibility of the new administration, Condon said. M2 money supply rose 14 percent in June, the Peoples Bank of China said today in Beijing, down from a 15.8 percent pace in May, the biggest slowdown in more than two years. A cash squeeze designed to stamp out speculation sent interbank borrowing costs to the highest in at least a decade. Aggregate financing, the governments broadest measure of credit, was 1.04 trillion yuan ($169 billion), down from 1.78 trillion yuan in June 2012.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s