From Bloomberg, PBOC Governor Zhou Xiaochuan, speaking at 18th National Congress of the Communist Party of China in Beijing, is still circumspect on China’s economy despite the rebound in exports:
Central bank Governor Zhou Xiaochuan highlighted the effects on China of what he termed five years of crisis, adding to officials’ cautions on the economic outlook even after a rebound in exports.
… “the financial crisis didn’t finish, and became a European debt crisis, and therefore we are still continuing to deal with it.”China’s export growth accelerated in October and the nation’s trade surplus swelled to $32 billion, the highest in almost four years, a customs report showed Nov. 10.
Zhou Cautions on Lingering Crisis as China’s Exports Rebound
