Li Daokui, an adviser to the People’s Bank of China, spoke at a conference in Santiago, Chile today about U.S. pressure to allow the yuan to appreciate against the dollar.
China’s economy averted a steep slowdown and is poised to grow “reasonably fast” as incomes in the most-populous nation rise, a former adviser to the country’s central bank said.
The U.S. Federal Reserve will extend its program to purchase the nation’s debts and stabilize long- term interest rates after Standard & Poor’s downgraded its credit rating, according to an adviser to China’s central bank.
China’s intervention in the European debt crisis could be worth as much as $100 billion, Li Daokui, an adviser to the People’s Bank of China, told French daily Le Figaro in an interview.
China’s home prices will decline later this year, with sales volume already falling following purchase restrictions by local governments, said Li Daokui , an adviser to the People’s Bank of China.
"The top concern right now is to make sure the economy can be reasonably smooth in its growth, rather than controlling the risks."
- Li Daokui on Aug 13, 2014