Posts Tagged ‘ National Economic Research Institute ’

China’s Trade Balance is Adjusting – the Largest Imbalance in the World is no Longer Growing

November 14, 2011
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China’s Trade Balance is Adjusting – the Largest Imbalance in the World is no Longer Growing

Markets in China rallied to start the week. Part of the rally resulted from “catch up” to US markets which closed strongly. But part of the rally was based on positive economic comments coming from Chinese officials. China’s President Hu Jintao pledged to focus on building imports which would boost global economic growth. IMF Deputy Managing Director Zhu Min, and National Economic Research Director Fan Gang, told the Asia Pacific Economic Cooperation forum in Honolulu that a “soft landing” for the economy was expected for China. The officials noted slowing inflation and lower bad debt at Chinese banks. To complete the string of positively toned news, there was also speculation that China was relaxing lending curbs which amounts to incremental monetary policy easing. Both the H-Shares (up 2.8%) and...

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