Old version: CHS CHT EN

  • Year:2008
  • Publisher:
  • Language:English;
  • ISBN:

ALMANAC OF CHINA'S FINANCE AND BANKING

[ 2008 ]

In 2007,against the backdrop of complex global economic and financial situations,uncertainties increased evidently.Starting with the U. S.sub-prime mortgage crisis in March,financial institutions bankrupted one after another,and governments took rescue measures to inject liquidity into the market.Accordingly,the U.S.dollar witnessed a continued depreciation against other major currencies,prices of primary products such as oil,gold and agricultural products rose sharply,which gave rise to global inflationary pressures.In 2007,the 17th National Congress of the CPC was successfully convened. In respouse to the complex international economic and financial situations,the CPC central committee and the State Council strengthened overall arrangements in macro-adjustment and the national economy grew at a rapid pace with optimized economic structure,enhanced efficiency and improved people's well-being.In 2007,GDP stood at 24. 66 trillion yuan,up 11.4 percent year-on-year.Grain production increa..... unfold >>