most ideal option for China to take in its monetary policy at present, said a report issued by the Bank of China's Global Financing Market Department on Monday, the Shanghai Securities Journal reported.At present, there is a large difference between the price of goods at domestic market and those at international market. China might lower the price of domestic goods by dragging down the price of imported goods. However http://www.mbtuktoday.co.uk/ - MBT shoes , to do so, China should let Renminbi appreciate largely within a short time, which will actually be impractical. On the other hand, it might be more realistic for China to limit the export of agricultural goods http://www.mbtshoes4australia.com/ - MBT Shoes , energy products and raw materials so as to lower their prices at domestic market, the report says.In October, the volume of money supply continued to grow fast http://www.mbtuktoday.co.uk/ - MBT shoes sale , indicating that it is hard to reduce the overall demand rapidly. Right now, the measure of raising the interest rate on a small scale at each time has not exerted any obvious influence on the money supply control. However, its accumulative effects will become more obvious on next year's housing price and companies' financial reports. On the whole, Chinese companies' profit ratio still remains at a high level, which will drive investors to increase their investment in fixed assets, says the report.At present, raising the interest rate step by step and reducing excessive liquidity are still the most appropriate measure for China to take. Letting Renminbi appreciate on a large scale should be considered only as the last resort for China to solve financial problems. At present, however, it might be more appropriate for China to gradually raise Renminbi value and, at the same time, largely raise the income level of its labour force so as to boost domestic consumption demand. This will be in line with the current macro economic situation in China, says the report.
Chinanews, Guangzhou, Nov. 19 – According to information released from the National Statistics Bureau, the CPI growth rate, after it slightly dropped in September, once a
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