- CNTV English - CCTV News

Studion interview (I): What caused growth to slow

07-16-2010 08:44 BJT

Watch Video

Play Video

Joining us now on the line is CCTV commentator Dr. Gao Zhikai. And we also have Dr. Horst Loechel on the phone. Dr. Loechel is Professor of Economics at China European International Business School.

The Chinese economy rebounded quickly after the global financial meltdown, powered by a 4 trillion yuan stimulus package and a flood of bank lending. But the central government is worried about surging home prices and possible bad loans, so curbs were imposed on lending and investment.

Many agency reports now say the reason that China's economy slowed in the second quarter is because the impact of massive stimulus spending is fading and because of the government's clampdown on record bank lending. Do you agree with this view?

Editor:Zhang Ning |Source: CNTV

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