- CNTV English - CCTV News

ADB: East Asian recovery allows stimulus withdrawal

07-21-2010 08:55 BJT

Watch Video

Play Video

The Asian Development Bank says East Asia's economic upturn is firmly on track, so extraordinary fiscal and monetary stimulus should be gradually withdrawn.

The Manila-based bank raised its growth forecast for the region from 7.7 percent to 8.1 percent. ADB says headline inflation increased across the region, but remained low and manageable.
ADB also outlined three major risks - a disruption in the recovery of advanced economies, destabilizing capital flows and unintended policy errors. But it says financial turbulence and uncertainty, exemplified by the European sovereign debt crisis, also suggests that risk appetite could change dramatically.

ADB also notes that China's recent move to allow more flexibility in the yuan could see an appreciating exchange rate mitigate inflation pressures, and slow the pace of rate raises.


Editor:Xiong Qu |Source:

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program