Impact of China's stock market volatility contained: NDRC
[BEIJING] The impact of China's stock market volatility is contained, while the country needs to be able to withstand such volatility to pursue market reforms, the country's top economic planning body said on Tuesday.
Ning Jizhe, Vice Chairman of the National Development and Reform Commission(NDRC), told a briefing that China need to work hard to meet its 2015 economic growth target as turbulence in global stock and commodity markets would affect China's economy.
He reiterated that China would pursue active fiscal policy and stable monetary policy this year.
Chinese shares have plunged nearly 40 per cent since their peak in mid-June despite a series of unprecedented official measures aimed at supporting the market.
REUTERS
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Trade, TikTok, Taiwan: Blinken faces tough talks in China
Australian inflation boosts case for higher-for-longer rates
The American small-business tyrant has a favourite political party
China’s prices are just too low for buyers to sweat about tariffs
Japan’s corporate service inflation perks up in March
New Zealand first-quarter imports fall amid sluggish economy