--- SEARCH ---
WEATHER
CHINA
INTERNATIONAL
BUSINESS
CULTURE
GOVERNMENT
SCI-TECH
ENVIRONMENT
LIFE
PEOPLE
TRAVEL
WEEKLY REVIEW
Learning Chinese
Learn to Cook Chinese Dishes
Exchange Rates
Hotel Service


Hot Links
China Development Gateway
Chinese Embassies

China to Remain Major Destination of Foreign Capital: Central Bank
A report on the execution of monetary policy released Thursday by the People's Bank of China (PBOC) predicts that in 2003 China will continue to be the world's biggest destination of foreign investment.

The report states that this year the Asian economic situation will continue its good development momentum, which will help China reinforce its economic and trade exchanges with countries in the region. At the same time, China's political stability and economic growth will also be attractive factors to foreign investors, because of the increasing investment risk in the global market.

However, the report also says that the risks challenging global economic recovery will have a negative impact on China's economic growth; regional political unrest will add uncertainties to the external environment for China's economic development; the constant rise in oil prices and the global trend of deflation will have negative effects on China as well.

The report analyzes in detail both negative and positive factors that will affect China's economic and financial development.

It reiterated that in 2003, the central bank will continue to practice a prudent monetary policy, steadily carry out reforms on interest rates and rationalize the distribution of financial resources, so as to give strong support to economic growth.

(Xinhua News Agency February 21, 2003)

Print This Page
|
Email This Page
About Us SiteMap Feedback
Copyright © China Internet Information Center. All Rights Reserved
E-mail: webmaster@china.org.cn Tel: 86-10-68326688