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
G7 pledges swift aid for Ukraine, seeks to calm Middle East
H5N1 strain of bird flu found in milk: WHO
China moves to boost foreign investment in domestic tech companies
Xi orders China’s biggest military reorganisation since 2015
Warner Bros CEO earned US$49.7 million in strike-impacted year
Teheran signals no retaliation against Israel after drones attack Iran