CCTV.com - CNTV English - CCTV News

China central bank rules out double dip

07-28-2010 13:58 BJT

Watch Video

Play Video

China's central bank says domestic growth will slow but there won't be a double-dip. The People's Bank of China says it's "prudently optimistic" about the economic outlook and ruled out any big policy changes in the coming months.

China's GDP growth slowed to 10.3 percent in the second quarter, from 11.9 percent in the first three months of 2010. The central bank says the slowdown was an adjustment from "previous too-fast growth" and was an intended result of macro-economic policies, including a clampdown on the property sector.

The central bank says the overall external environment will be better than last year. It also adds the euro zone debt crisis won't lead to a global downturn, and the impact on China's economy will be limited. As for inflation, the bank says inflationary pressure has eased.

Editor:Xiong Qu |Source: CNTV.CN

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