Shanghai (CNS) – China's current financial policies will undergo slight adjustments in the next year and the soft landing of China's economy will be the underlying factor for further economic growth in the future, said Fan Gang, director of the Chinese National Economy Research Institute, on November 17.
China's economic growth has dropped from an overheating 11% to 9%, which is good news because the lower rate of increase is necessary for China to sustain economic development, said Fan.
China will not loosen its financial policies in the short-term, but there are signs that the country may eventually loosen in some areas such as SMEs and the service industry, claimed Li Jing, general manager of JPMorgan Chase & Co, adding that China's economic growth is mainly attributed to fixed investments, and stimulating domestic demand should be put forward.
