(2015·扬州中学高三第四次模拟考试)(REUTERS/Jason Lee) Zhou Xiaochuan, governor of China’s Central Bank, a highlevel Chinese official on Sunday made the government’s first admission that the country’s economic slowdown was not going as planned. He told at a meeting of regional leaders that his country’s growth_rate_had_tumbled “a bit too much”．
“China’s inflation is also declining, so we need to be very careful to see if the disinflation trend will continue, and if deflation will happen or not，” said Zhou. His remarks were made at the Boao Forum for Asia, an annual conference on the island of Hainan in southern China. Zhou added that China could “have room to act” by taking “quantitative measures” and setting interest rates.
For many, the way he described China’s health was no surprise. The country’s economy has not been growing this slowly since the 1990s. Companies in debt are seeing sickly profit margins. Banks are carrying loads of debt, too, and the housing market is slowing. China’s official 2015 GDP growth target is 7%, but that seems shaky.
