My China B2B Latest News
Fueled by a massive stimulus package and bank credit, China's economy grew at an enviable pace last year given the world economy was in deep recession. For growth to keep increasing steadily, the government must focus on trimming industrial overcapacity and spurring consumer spending this year.
"Investment in industries with overcapacity and redundant infrastructure projects threatens the quality of the bank credit," said Zhou Xiaochuan, China's central bank governor in an interviewwith China Finance magazine on Jan. 3.
"Investment in industries with overcapacity and redundant infrastructure projects threatens the quality of the bank credit," said Zhou Xiaochuan, China's central bank governor in an interviewwith China Finance magazine on Jan. 3.
Your News
Comments