China will maintain its economic growth and boost domestic demand to help stabilize international financial markets, said Zhou Xiaochuan, governor of China's central bank.
The People's Bank of China is closely watching the global financial markets to determine its next interest rate readjustment, Zhou, who is attending a meeting of finance ministers and central bank governors from the Group of 20 (G20) countries in Sao Paulo, Brazil told the media on Nov 8, 2008.
He said China's central bank will actively cooperate with the International Monetary Fund (IMF) to help stabilize international financial markets.
Zhou predicted that China's economic growth rate will be between 8% and 9% next year. He stressed that stable expansion of China's economy will help return global financial markets back to normal.
The annual summit of G20 finance ministers and central bank governors opened in Sao Paulo, Brazil, on November 8 and closed on November 9. Attending the meeting were IMF Managing Director Dominique Strauss-Kahn, World Bank President Robert Zoellick, and various countries' finance ministers and central bank governors, including Zhou Xiaochuan and Li Yong, vice minister of China's Ministry of Finance.
People's Daily Online
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