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China premier warns against loose money policies

Posted By admin On November 5, 2013 @ 10:38 am In Money Watch | Comments Disabled

Jodie Fleischer
Reuters [1]
November 5, 2013

[...]

“We want to stabilize economic growth because we need to guarantee employment essentially,” Li was quoted by the Workers’ Daily as saying on Monday. His remarks were made at a union meeting two weeks ago but were only published in full this week, just days before a pivotal Communist Party plenum to set policy opens.

Yet even as authorities keep an eye on growth, Li sounded a warning on easy credit supply, which he said had topped 100 trillion yuan ($16.4 trillion) in the world’s second-biggest economy.

“Our outstanding M2 money supply has at the end of March exceeded 100 trillion yuan, and that is already twice the size of our gross domestic product (GDP),” Li was quoting as saying.

“In other words, there is already a lot of money in the ‘pool’; to print more money may lead to inflation.”

Full article here [1]


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URLs in this post:

[1] Reuters: http://www.reuters.com/article/2013/11/05/us-china-economy-idUSBRE9A403L20131105

[2] HELL BREAKS LOOSE IN YEMEN: Four Guards Are Killed And The President And Premier Are Injured In Attempted Coup: http://www.prisonplanet.com/hell-breaks-loose-in-yemen-four-guards-are-killed-and-the-president-and-premier-are-injured-in-attempted-coup.html

[3] China warns Federal Reserve over ‘printing money’: http://www.prisonplanet.com/china-warns-federal-reserve-over-printing-money.html

[4] ‘We may need to print even MORE money’, Bank of England economist warns just days after £75billion cashflow is sanctioned: http://www.prisonplanet.com/we-may-need-to-print-even-more-money-bank-of-england-economist-warns-just-days-after-75billion-cashflow-is-sanctioned.html

[5] China warns debt woes threaten global recovery: http://www.prisonplanet.com/china-warns-debt-woes-threaten-global-recovery.html

[6] China’s yuan hits another new high against U.S. dollar: http://www.prisonplanet.com/chinas-yuan-hits-another-new-high-against-us-dollar.html

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