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BerichtGeplaatst: 28-08-2018 04:46:10    Onderwerp: "The 2010 quota Reageren met citaat
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International Monetary Fund (IMF) Managing Director Christine Lagarde (2nd R), Chinese Finance Minister Xiao Jie (2nd L) and China's central bank governor Zhou Xiaochuan (1st L) are seen before posing for a group photo of the G20 Finance Ministers and Central Bank Governors Meeting in Washington D.C., capital of the United States, on April 21, 2017. Finance ministers from the Group of 20 leading economies have reached a broad consensus that free trade and open markets is better for promoting global economic growth, German senior officials said on Friday. (XinhuaYin Bogu)

WASHINGTON, April 21 (Xinhua) -- China's economy is on track to reach its growth target of around 6.5 percent this year with financial risks "well under control," the country's central bank chief said on Friday.


"The strong momentum has been maintained in the first quarter of 2017. The gross domestic product (GDP) grew by 6.9 percent year-on-year and inflation by 1.4 percent," Zhou Xiaochuan, governor of the People's Bank of China (PBOC), said in a statement.


The statement was released by the International Monetary Fund (IMF) on its website for a meeting of the International Monetary and Financial Committee (IMFC).


"As the growth of investment and trade stabilized and recovered, consumption grew steadily, and employment remained broadly stable. The expected 6.5 percent growth for this year is within reach," he said.


Zhou said China is "fully confident" about preventing and eliminating systemic financial risks, as the profitability of industrial enterprises has improved significantly and the banking sector's capital and provisions remain adequate.


"The corporate and the financial sectors are broadly resilient, with risks well under control," he said.


Going forward, monetary policy will remain "prudent and neutral," striking a better balance between stabilizing growth and the task of deleveraging, preventing asset bubbles, and containing the accumulation of systemic risks, the central bank governor said.


Zhou reiterated that the Chinese government will continue to "push forward reforms on all fronts," including reforms in the financial sector, the fiscal and taxation system, and the state-owned enterprises, as well as addressing excess capacity in the coal, steel and other industries.


In terms of IMF reforms, Zhou said the IMF should continue to advance the quota and governance reform to ensure that the institution remains quota-based and adequately resourced.


"The 2010 quota and governance reform has not significantly closed the gaps between the actual and calculated quotas, and between members' calculated quota shares and their actual weights in the global economy," he said.


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