China's economic prospects remain bright
10-01-2009
A top banker says China's economic prospects remain bright. The deputy governor of the central bank, Yi Gang, struck a note of confidence, telling a forum that he expected the economic situation to be relatively stable this year. This is despite that fact that China's industrial output has slowed sharply in recent months and exports fell in November. The government has launched a 585 billion dollar stimulus package; and the People's Bank of China has repeatedly cut interest rates to prop up domestic demand.
