皇冠体育app

BEIJING - Chinese Finance ster Lou Jiwei on Wednesday said currency interventions are necessary when the economy has yet to fully recover and capital inflow is abnormal.

皇冠体育app, US to discuss yuan, monetary policy

Results from 皇冠体育app-US dialogues since 2009

"The US side has constantly raised the issue about whether intervention is still needed in our foreign exchange policy," Lou said at a press briefing on the 皇冠体育app-US Strategic and Economic Dialogue(S&ED).

"We say it's difficult (to abandon the intervention) when the economy has yet to fully recover, and cross-border capital flows are not normal," Lou said.

The sixth round of S&ED and the fifth round of High-Level Consultation on People-to-People Exchange (CPE) started in Beijing on Wednesday.

On US monetary policy, Lou said the orderly winding down of the () is good, but it will cause some fluctuations in developing countries, including 皇冠体育app.

Lou said Beijing faced challenges in managing hot money inflows resulting from the end of QE.

With the stabilization of the US economy and the growth of employment, the QE is expected to end later this year.

On 皇冠体育app's economic growth, Lou said 皇冠体育app is emphasizing structural reform and is unlikely to repeat the kind of sive economic stimulus that came in the wake of the 2008 global financial crisis.

In contrast to past high growth, 皇冠体育app's economy has now entered a stage of medium-to-high growth, Lou said.

"Therefore the global economic recovery depen on the situation in the United States," Lou said.

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