China's vice finance minister says no need for economic stimulus

BEIJING Tue Aug 27, 2013 8:28am IST

China's Vice Finance Minister Zhu Guangyao addresses the media during a news conference at a hotel in Los Cabos June 17, 2012. REUTERS/Stringer/Files

China's Vice Finance Minister Zhu Guangyao addresses the media during a news conference at a hotel in Los Cabos June 17, 2012.

Credit: Reuters/Stringer/Files

Related Topics

BEIJING (Reuters) - China's Vice Finance Minister Zhu Guangyao said there was no need for the government to stimulate the world's No. 2 economy, saying on Tuesday that growth can instead be supported through structural adjustments.

Zhu said while China faced a severe economic environment at home and abroad, it would keep economic policies stable.

Speaking at a briefing ahead of G20 meeting in Russia next week, he said the United States must consider when and how fast it moderates its ultra-loose monetary policy.

Central Bank Deputy Governor Yi Gang said the issue of how nations would cope as developed economies tighten their monetary policy would be a focus at the G20 meeting.

"On monetary policy, the focal point (of G20) will be on how to minimize the external impact when major developed countries exit or gradually exit quantitative easing, especially causing volatile capital flows in emerging markets and putting pressures on emerging-market currencies," Yi said. (Reporting by Kevin Yao; Editing by John Mair)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Fuelling Change

REUTERS SHOWCASE

NSEL Fraud

NSEL Fraud

Govt orders Financial Tech to absorb NSEL, liabilities  Full Article 

Quarterly Result

Quarterly Result

HDFC Bank net profit up 20 percent, lags estimates.  Full Article 

JLR China

JLR China

JLR sees 20 percent growth in China sales this year - exec  Full Article 

China Economy

China Economy

China's growth slowest since global crisis, annual target at risk  Full Article 

Coal Reforms

Coal Reforms

Factbox - India pushes ahead with coal reforms  Full Article 

Apple Result

Apple Result

Apple's iPhone sales beat Street but iPad volumes slide  Full Article 

Airport Accident

Airport Accident

Total CEO de Margerie killed in Moscow business jet accident  Full Article 

Nadella's Paycheck

Nadella's Paycheck

New Microsoft CEO Nadella's pay tops $80 mln with big stock awards.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage