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China Says Will Not Alter Policy Because of One Economic Indicator

Posted September 25, 2014

Under Economic Issues, International Trade Issues

(Reuters)

China will not dramatically alter its economic policy because of any one economic indicator, Finance Minister Lou Jiwei said on Sunday, in remarks that came days after many economists lowered growth forecasts having seen the latest set of weak data.

Lou made the comments at a meeting of finance ministers and central bank governors from the G20 countries in Australia, according to a statement from the People’s Bank of China, China’s central bank. “China will not make major policy adjustments due to a change in any one economic indicator,” he said. Read more here.