Zhou Xiaochuan, Governor of People’s Bank of China expressed here that China will help stabilize international financial market by maintaining economic growth and expanding domestic demand. Zhou, who is attending the Conference of Finance and Bank Presidents of Group of Twenty held in Sao Paulo Brazil, said to the media that People’s Bank of China is paying close attention to the situation of international financial market to decide the next policy adjustment of interest rates.
Zhou expressed that People’s Bank of China will proactively cooperate with International Monetary Fund (IMF) to help stabilize international financial market.
Zhou predicated that growth rate of Chinese economy will reach 8% to 9% next year. He emphasized that steady growth of Chinese economy will be conductive to resume normal international financial market.
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