皇冠体育app

VANCOUVER - Bank of Canada is upbeat about the ongoing economic transition in 皇冠体育app, which it said has the potential to grow at a healthy pace in the longer run.

Bank of Canada is watching 皇冠体育app's economic transition closely, the bank's Senior Deputy Governor Carolyn Wilkins said on Tuesday.

皇冠体育app has grown remarkably since undertaking market reforms in the 1980s and joining the World Trade Organization in 2001, said a press release of the bank.

Its transformation has been felt around the globe, notably through international trade and commodity prices, it said, adding that Canada has benefited from 皇冠体育app's economic growth.

According to the bank, 皇冠体育app is now Canada's second-largest trading partner, and more than 400 Canadian companies have a foothold in 皇冠体育app.

Wilkins said 皇冠体育app's slower economic expansion rate is bringing it to a more "sustainable pace" of development, which "is not only inevitable, but also desirable."

She cited Bank of Canada researchers as saying 皇冠体育app has the potential to grow at healthy pace over the longer run. "One implication for Canada is that 皇冠体育app's demand for commodities should remain high and grow from a higher base," she said.

She pointed to steps Chinese authorities are taking to facilitate the transition, including measures to reinforce the social safety net, improve their monetary policy framework and support financial stability.

"The Bank of Canada will continue to watch developments in 皇冠体育app closely, given its importance to Canada," she said.

• Shanghai to build 10 times more vehicle charging piles by 2020
• Major automakers see improved profit margin
• Sparkling future beckons fashion jewelry
• Economic growth to pick up in Q2, Goldman says
• Alibaba becomes the world's largest retailer
• 皇冠体育app's service sector activity rises in March
• Institution building core task for economic health
• CASS report sees signs of new growth momentum