Wednesday, March 2, 2016

Warning of China lowered the ranking – Swedish Dagbladet

The warning days before that China is expected to adopt its 13th five-year plan, where the country’s strategy for reforms and continued growth will be nailed.

At the same time warns rating agency Fitch to the Chinese central bank reduced reserve requirements for Chinese banks and liquidity injection, combined with the already strong credit growth, risk creating big risks in the banking system.

China’s growth fell to 6.9 percent last year, the lowest in 25 years. And earlier this week showed the purchasing managers’ index for industry in the country is now slowing at the fastest pace since November 2011.

On the Shanghai Stock Exchange raised, however, the general index of over 4 percent in Wednesday trading, in line with the outside world.

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