China to slightly ease monetary policy in 2013

Editor: 管理员      Date:2013-01-16      Hit:4940
%3CFONT%20face%3DVerdana%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EChina%20may%20fine-tune%20its%20monetary%20policy%20in%202013%20by%20reducing%20interest%20rates%20and%20the%20reserve%20requirement%20ratio%20%28RRR%29%20to%20support%20economic%20growth%2C%20according%20to%20research%20results%20published%20Friday.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EA%20small%20interest%20rate%20cut%20at%20the%20right%20time%20could%20substantially%20decrease%20financing%20costs%20and%20improve%20expectations%20for%20profitability%2C%20said%20researchers%20from%20the%20China%20Development%20Bank%2C%20the%20State%20Information%20Center%20and%20the%20Shanghai%20Securities%20News%20who%20have%20worked%20together%20to%20forecast%20key%20economic%20indicators%20and%20policies%20in%202013.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EInflation%20will%20likely%20hit%203%20percent%20this%20year%2C%20lower%20than%20the%203.3-percent%20maximum%20interest%20rate%20that%20lenders%20are%20currently%20allowed%20to%20set%20for%20one-year%20deposits%2C%20creating%20room%20for%20further%20interest%20rate%20decreases%2C%20the%20researchers%20predicted.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EThe%20researchers%20also%20said%20they%20expect%20moderate%20reductions%20for%20the%20RRR%2C%20or%20the%20amount%20of%20money%20banks%20must%20set%20aside%20as%20reserves%2C%20to%20prevent%20a%20pessimistic%20economic%20outlook%20from%20taking%20hold.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EThe%20central%20bank%20trimmed%20benchmark%20interest%20rates%20and%20the%20RRR%20twice%20in%20the%20first%20seven%20months%20of%202012%20to%20spur%20growth.%20But%20it%20has%20since%20resisted%20further%20cuts%2C%20preferring%20to%20use%20open%20market%20operations%20instead.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EThe%20RRR%20for%20large-sized%20lenders%20currently%20stands%20at%2020%20percent%2C%20leaving%20plenty%20of%20room%20for%20a%20cut%2C%20the%20researchers%20said%20in%20several%20reports%20published%20in%20the%20Shanghai%20Securities%20News.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EAuthorities%20also%20have%20room%20to%20change%20the%20country%27s%20fiscal%20policy%2C%20as%20the%20fiscal%20deficit%20remains%20low%20in%20comparison%20to%20China%27s%20GDP%2C%20said%20Fan%20Jianping%2C%20chief%20economist%20at%20the%20State%20Information%20Center%2C%20a%20government%20think%20tank.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EOther%20economic%20indicators%20are%20expected%20to%20improve%20slightly%20from%20last%20year%2C%20with%20fixed-asset%20investment%20expected%20to%20rise%20by%20about%2022%20percent%20in%202013%2C%20greater%20than%20the%20year-on-year%20growth%20of%2020.7%20percent%20recorded%20in%20the%20first%2011%20months%20of%202012.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EValue-added%20industrial%20output%20is%20likely%20to%20expand%20by%2010.5%20percent%20in%202013%2C%20the%20researchers%20noted%2C%20up%20slightly%20from%20the%2010-percent%20rate%20recorded%20in%20the%20first%2011%20months%20of%20last%20year.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3ERetail%20sales%20adjusted%20for%20inflation%20will%20increase%20at%20nearly%20the%20same%20pace%20as%20last%20year%2C%20while%20foreign%20trade%20will%20maintain%20slow%20growth%20of%20around%207.8%20percent%2C%20the%20researchers%20said.%3CBR%3E%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CBR%3E%28Xinhua%29%3CBR%3E%3C/FONT%3E%3C/P%3E