“China's
economic growth will continue to develop in a stable and healthy manner,"
Xu said at the China Development Forum.
"Over the next five years, our economic
growth will keep above 6.5% each year.
We will strengthen coordination at the
forefront of fiscal policy, monetary policy, industrial policy, investment
policy and prices policy." As well, People's Bank of China Governor Zhou
Xiaochuan said China needs to avoid the danger of building up too much
short-term debt in foreign currencies, speaking on the sidelines of the China
Development Forum. "In the future we have to avert excessive external
borrowing and the currency mismatch that could result. With an eye on the
global capital flow situation, we encourage mid- to long-term investment. But we
do not encourage short-term speculation."
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