• Home >
• News >
• Analysts >

• Send
• Print
• Add To

CHINESE YUAN ANALYSTS COMMENTS

Reuters - "The priority is to address questions such as how to keep a stable currency value, how to effectively promote employment and support growth of consumption."

Reuters - "U.S. finance is closely connected with the Chinese finance. If anything goes wrong in the U.S. financial sector then we are anxious about the safety and security of Chinese capital. Now is time to join hands to deal with the crisis. Now, cooperation is everything."

Thomson Financial News - "China will adjust policies according to the economic environment and strengthen the flexibility and appropriateness of macroeconomic controls to maintain the stability of the economy as well as financial and capital markets."

Thomson Financial News - "China, as a responsible major developing country, is ready to work with other members of the international community to strengthen cooperation, share opportunities, meet challenges and contribute to the harmonious and sustainable development of the world."

Thomson Financial News - "This year is the most difficult year for economic development in recent years."

Reuters - "Bank of China has full confidence and is capable of minimising the impact of the U.S. financial crisis."

Reuters - "Production will rebound after the Olympics, but demand weakness is worrying, although it's difficult to estimate the magnitude."

Reuters - "As we can see, PPI is trending up, while CPI is declining. That means manufacturers are unable to pass on rising costs to consumers. So their profits drop and they have to cut production. Such a trend actually started in April and will continue in the next few months. The Olympics can explain part of the slowdown as Beijing closed factories in nearby cities to clean up the air. That's a new factor, which may have pulled growth down to historical low."

Reuters - "I don't think the monthly record trade surplus in August indicates a trend. As we all know, world economic growth is slowing, and it'll be hard for China to keep reporting record surpluses. It's hard to say what the real reason for the jump is because a detailed breakdown is not available, but slower-than-expected imports would be an obvious reason. The increase in the trade surplus does not mean there will be corresponding growth in domestic liquidity because exporters are now allowed to retain all their dollars."

Thomson Financial News - "Chinese policymakers should be feeling more optimistic, both because of the US Fannie-Freddie rescue and the likely confirmation that inflation is moving towards its desired rate. The Chinese government is not expected to further commit to US assets until solid signs of economic recovery emerge."