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Central bank chief: Unclear if slowdown has been arrested

(China Daily)
Updated: 2009-03-30 07:27

MEDELLIN -- Central Bank Governor Zhou Xiaochuan said on Saturday that it was uncertain whether China's slowdown had stopped because that still depended mainly on the global economic situation.

Related readings:  Central bank urges int'l financial reform  China economy has bottomed: central bank adviser

"You know it still very much depends if this global financial crisis has reached bottom. This kind of dependence is the most important. Up to now it is still uncertain. We don't know yet," Zhou told reporters when asked about the slowdown.

China would be prepared to contribute if the International Monetary Fund sought to increase its reserves to tackle the global crisis, he also said while speaking at the annual Inter-American Development Bank meeting in Colombia.

"Certainly, we have made active preparations to participate if the IMF wants to raise its reserves," he said.

Reuters

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