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HIGHLIGHTS-China's recovery not stable -NDRC's Zhu

Fri, 7th Aug 2009 09:34

BEIJING, Aug 7 (Reuters) - A trio of senior policymakers is holding a news
conference on Friday to discuss China's economy.

The three are People's Bank of China Vice-Governor Su Ning, National Development and Reform Commission Vice-Chairman Zhu Zhixin and Vice-Finance Minister Ding Xuedong.

Following are highlights of what they said.

Zhu Zhixin, NDRC

'Now is a crucial time for our economic recovery. For one, the recovery monentum is still not stable, not consolidated, not balanced. The external environment for our economy is still grim and external demand could continue to dip further. Factors restricting the expansion of domestic demand are also quite many, and the economic growth momentum is not strong.'

'The macro-economic policy adjustments and the implementation of a pro-active fiscal policy and a moderately loose monetary policy to address the crisis and a basket of measures to promote growth have in a short period of time been effective in arresting the downward momentum of the economy. Positive signs about the economy are continuously increasing, and the momentum of stabilisation is becoming clearer every day.'

(Reporting by Zhou Xin and Simon Rabinovitch; Editing by Ken Wills) Keywords: CHINA ECONOMY/

(Reuters Messaging,; +8610 6627-1288)

Copyright Thomson Reuters 2009. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.

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