investment bank Goldman Sachs said on the 5th, the global economic recovery and Chinas credit control has already started, will make over the next few years, Chinas economy has maintained steady growth, the overall tightening of monetary policy also showed moderate.
many investment banks are expected next year or later this year, Chinas economic growth has slowed, but Goldman Sachs expects Chinas economic growth in 2014-16, respectively, 7.7%, 7.8% and 7.8%, in 2013 compared with 7.6%.
the bank senior China economist Li Cui said that future economic growth is relatively stable, based on two factors, first, the global economy began to accelerate the long-term will lead China into the external demand gradually changed for the better, and second, China started to push this year Interest in early control credit growth, and the corresponding total social financing began shrinking in favor stable economic development. "Modest tightening of monetary policy is estimated, but not deleveraging, we do not expect the debt-to-GDP ratio will decline." She said, adding that "the future new loans narrowed, the gap will use financial means to fill, rather than monetary policy Relax. "
current market focus upcoming CPC Congress, Li Cui said that the total reform of the Third Plenary will set the tone, the specific reform policies may not be immediately introduced, so investors pay more attention to efficiency and long-term growth sustainability and growth, as well as government intervention in the economy level.
RMB cross-border settlement covering 220 countries and regions Editor：虐杀原形2为塞寥尔
British Broadcasting Corporation (BBC) and the Peoples Daily and other media reported that the yuan "going out" the pace is accelerating. According to Peoples Daily reported that as of September this year, four years, the cumulative cross-border trade RMB settlement business 8.6 trillion yuan. With Chinas actual conduct RMB bidirectional flow reached 220 countries and regions, the business scope covers 98% of the countries and regions.
Peoples Daily reported that from January to September this year, the RMB settlement of foreign direct investment 52.31 billion yuan, 280.27 billion yuan settlement of foreign direct investment, an increase of 136.7% and 81.4%.
BBC Chinese website on the 4th report, said: "In addition to trade settlement, the Chinese but also by expanding the scale of currency swaps, and other ways to broaden the scope of RMB investment to promote the internationalization of RMB." refers to bilateral currency swap agreement in the event of an emergency situation with each other when the national currency national currency exchange agreements is one of the strategies to address the financial crisis.
Peoples Bank of China and the European Central Bank last month signed a size of up to 350 billion yuan currency swap agreement. In June this year also with the United Kingdom signed a size of up to 200 billion yuan currency swap agreement. China is now the worlds 23 countries and regions signed a size of up to 2.57 trillion yuan currency swap agreement. London
China will grant 80 billion yuan, 50 billion yuan of Singapore Investment Qualified Foreign Institutional Investors (RQFII) limit. London and Singapore investors can invest Chinese renminbi bond, equity and currency markets. In addition, each year about 100 million Chinese people travel abroad, those visitors use the "UnionPay Card" settlement of credit card transactions are rapidly expanding the scale to promote the internationalization of RMB.
British "Financial Times" reported: "London, Luxembourg, Paris, Frankfurt and Zurich and other European financial cities are competing to become Europes offshore RMB trading center."