• Most Popular
  • Most Shared

Uncertainties increase for China economy-c.banker

Thu Jun 26, 2008 11:21pm EDT

SHANGHAI, June 27 (Reuters) - Uncertainties faced by China's economy due to the global economy and markets have increased, Su Ning, deputy governor of the Chinese central bank, said on Friday.

China

"According to the mainstream viewpoint in the international community, the biggest part of the subprime-related crisis has passed, but the impact of the crisis is continuing," he said in a speech at a conference on mergers and acquisitions.

"There are different views on the trend of the dollar, and the rise of oil prices and their impact on the world economy. These things increase external uncertainties for China's economy," he said.

Su declined to comment on domestic economic issues such as interest rate policy. (Reporting by George Chen; Writing by Andrew Torchia; editing by Anne Marie Roantree)



More from Reuters

Afghan suicide blast kills eight U.S. civilians

KABUL (Reuters) - A suicide bomber killed eight American civilians in an attack at a military base in southeastern Afghanistan on Wednesday, one of the highest foreign civilian death tolls in an insurgent strike in the eight-year war.

A computer screen image made using Millimeter Wave technology shows a person during a demonstration at the Transporation Security Administration (TSA) Systems Integration Facility in Washington, December 30, 2009. Credit: REUTERS/Jason Reed

Body scans are Obama's call

The Dutch are doing it. So what's taking the U.S. so long to make airport body scanners mandatory?  Full Article | Video 

People walk past a branch of Bank of America in New York's financial district April 28, 2009. REUTERS/Brendan McDermid

Move your money

Boycotting "too big to fail" banks is a great idea -- so long as investors remember that banks aren't the only ones responsible for the crisis.  Full Article