(menafn – ecpulse) China’s prime minister Wen Jiabao announced that raising in nation’s growth rate give the signs for a possibility to ease the monetary policy during the upcoming period especially after moderating inflation rates.
Chinese government targeted to lead the nation’s growth to targeted levels with achieving the equilibrium between growth rate and inflations, in addition of supporting monetary policies which is expected to ease during the upcoming period especially amid the global uncertainty.
Moreover, Goldman Sachs. Revised lower its growth forecast for China in 2012 on lower Chinese exports and hindered growth rates, where the government continues to decline companies’ taxes to give the chance for Chinese companies to support the nation’s growth as well as to support small businesses.
Meanwhile, China’s government seeks to get the nation’s economy back to track and also to rebound real-estate market by supporting low-income category to buy suitable houses, amid restrictions of owned houses per family in order to maintain the balance in prices.
At the same time, China’s house prices dropped in April in 46 from 70 countries, where the government insists to re-balance real-estate market and also working hardly on controlling prices in the world’s second largest economy.
From another side, its expected from China’s economy to announce a new stimulus plans after today’s announcement of prime minister Wen Jiabao about supporting the nation’s growth that needs more further easing during the upcoming period.