LONDON, Feb. 8 (Xinhua Zhang Yue M Division heron) HSBC chief economist Stephen King recently in an exclusive interview with Xinhua News Agency said that emerging economies have faced inflationary pressure, China will be able to solve the problem of inflation.
Stephen King said:
Because of its rapid economic growth, coupled with low interest rates applied by developed countries, last year China, Brazil, India and other emerging countries, the rate of inflation is relatively high, and getting worse. Currently, these emerging economies, inflation measures taken by financial institutions, including raising the reserve ratio for deposits and loans, raise interest rates to control hot money inflows, Stephen King will they referred to as
Stephen King said: inflation can not be achieved, whether the ultimate success of these policies remains to be seen.
On China's inflation problem, Stephen King said that China has taken to raise the deposit reserve ratio and interest rates to curb inflation method. To measure the actual results, however, the key depends on the money supply. Money supply is currently high in China is still very serious.
HSBC Bank predicted that China's GDP growth this year will not be a sharp decline, is expected to be slightly less than 9%. Stephen King said:
view of the Chinese government's strong desire to curb inflation, coupled with good macro-control history, Stephen King, said he personally believed that the ultimate success of China is very likely to solve the problem of inflation.
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