Tough for China to steer economy: vice minister
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China has less scope than before to raise interest rates and banks' required reserves, making it very tough for policy makers to steer the economy to a soft landing, Vice Finance Minister Li Yong said on Sunday.
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The Chinese economy risks a hard landing, according to an International Monetary Fund report on China&#39;s economy published today.
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BEIJING, Feb. 27 -- The Communist Party cautioned China's increasingly impatient reformers and intellectuals Tuesday that political liberalization and democracy are still a long way off despite the rapid pace of economic change during the past two decades.
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Good news for officials who are trying to cool an overheated economy; austerity measures to remain. BEIJING  - China reported a marked slowdown in investment and money supply growth Monday, but stubbornly
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The head of China's central bank said on Sunday Beijing's efforts to curb excessive credit growth were bearing fruit, increasing chances the country's booming economy would achieve a "soft landing."
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China must step up the pace of economic reforms because the rest of the world is growing impatient for it to do so, U.S. Treasury Secretary Henry Paulson said on Thursday.
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The new Treasury secretary worries that China's economy is more fragile than it appears.
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China&#39;s top Communist party leaders have called for stability in the country&#39;s monetary and fiscal policies and continued efforts to rein in growth in fixed-asset investment, in a
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China will phase out measures aimed at reining in the overheating economy amid fears that the tough controls may lead to a hard landing, a press report said.
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China&#39;s government said it would continue measures to slow economic growth and reaffirmed its commitment to a stable yuan policy as the nation&#39;s leaders wrapped up their annual meeting in Beijing.
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President Hu Jintao acknowledges ending China's widespread corruption is a "difficult struggle".
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WASHINGTON : The head of the International Monetary Fund urged China to begin moving toward greater currency flexibility, taking advantage of its booming economic growth pace.
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BEIJING : The Chinese government will try to cut its huge deficit next year and curb investment financed from public coffers, state media said, quoting Vice Finance Minister Lou Jiwei.
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China's economy continues to expand at a rapid pace, growing 9.5% in 2004 despite government efforts to take it off the boil.
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China is willing to promote  flexibility of its currency, but it will keep the yuan  &quot;basically stable at a reasonable, balanced level,&quot; Vice  Premier Wu Yi said on Thursday.
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The move today by China's central bank was the boldest so far aimed at guiding a heated economy onto a path of slower growth.
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China's economy will grow by 9.3 percent this year, the government forecast Thursday, amid signs that efforts to tame the economic boom may be failing to cap inflation.