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China’s policy chiefs talk up canadagooseoutlete economic prospects

XIAMEN, China (Reuters) China economy cheap canada goose uk is in good shape and policy makers are confident that they can sustain stable growth while reining in inflation, Vice Premier Wang Qishan said on Monday.

China has become an important driver of global growth in recent years and investors are concerned that a slowdown in the economy, the world fourth largest, is proving too abrupt.

But Wang, canada goose black friday sale who has overall responsibility for economic and financial affairs, said the economy was responding as expected to the government canada goose policy fine tuning.

have taken a canadian goose jacket series of measures in a timely fashion, Wang told an investment conference in this southern city.

macro controls are now having an impact and the economy Canada Goose Jackets is developing as we expected. The overall economic situation is quite sound, he buy canada goose jacket cheap said.

China annual economic growth canada goose uk outlet slowed to 10.1 percent in the second quarter of this year from 11.9 percent in all Canada Goose Outlet of 2007.

Figures for canada goose factory sale August due this week are likely to show further signs of softness [nPEK158036], increasing the chances of a further relaxation of the Canada Goose Coats On Sale tight monetary policy stance adopted last year to bring Canada Goose online down inflation.

The central bank Canada Goose Parka has already increased lending quotas by 5 percent, instructing banks to steer the extra loans to small firms, the agricultural sector and rural regions.

Wang acknowledged that China had run into headwinds, including slowing external demand, higher energy prices and global financial turbulence.

A string of natural disasters, including fierce snow storms that swept the south of the country in canada goose coats January canada goose uk black friday and an earthquake in Sichuan in May that killed at least 70,000 people, had made matters worse.

But Wang said: are capable of and confident about surmounting the current difficulties and challenges to realise our goal of keeping stable cheap Canada Goose and Canada Goose sale fairly fast economic growth while curbing excessive price rises. Treasury’s bailout of mortgage lenders Fannie Mae and Freddie Mac [nSHA259620]

But Commerce Minister Chen Deming echoed Wang optimism, telling the forum that disruptions caused by the Olympic Games would not affect the overall momentum uk canada goose outlet of the economy.

China domestic consumption is rising rapidly. Growth in our exports and imports is also stable. So the canada goose store driving forces of the economy will not change because of the Olympics.

China closed canada goose coats on sale hundreds of factories around Beijing and restricted traffic to clean up the capital air uk canada goose for the Aug. 8 24 Games and buy canada goose jacket the Paralympics, which began at the weekend.

Chen acknowledged that some Olympic host countries had suffered a post Games growth hangover. canada goose clearance sale this is not inevitable. It depends on the situation of the particular nation, he said.

In the case of Beijing, the capital city accounts for only 4 percent of national output and less than 1 percent of investment.

What more, massive needs stemming from industrialisation, urbanisation Canada Goose Online and consumers demand for higher quality goods would serve as goose outlet new engines of growth, Chen said.

However, Jiang Xiaojuan, vice head of the Research Office of the State Council, said China was confronted by a host of new challenges, including canada goose clearance the rising cost of labour and the growing difficulty of conserving resources and protecting the environment.

problems are global. The fundamental solution to these problems is innovation, which canada goose uk shop can increase the efficiency of resource allocation and total factor productivity, she said.

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