AFFECTED BY 9.11 EVENT, CHINA WOULD REDUCE INTEREST RATE
AsiaInfo Services, November, 2001
AsiaInfo Services 11-01-2001 Affected By 9.11 Event, China Would Reduce Interest Rate CHINA, Nov 01, 2001 (AsiaPort via COMTEX) -- Affected by the 9.11 event, global economy may face recession, is disadvantageous to China who would soon be the member of WTO. China could not capitalize the identity of WTO member to exert relative advantageous industries, and adjustment of structure would be affected by this, and also the Chinese economy would encounter growth decline affected by the global economic recession. Since the time of the last reduction of interest rate, the growth of Chinese economy was mainly drove by the fiscal policies, the fixed assets investment growth directed by the government was the main factor of expanding internal demand.
The economic growth...
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