Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

European Crisis Impact on China ‘Limited,’ Researcher Writes

June 28 (Bloomberg) -- The affect of the European debt crisis on China will be “limited in scope,” Yi Xianrong, a researcher with the Institute of Finance and Banking under the Chinese Academy of Social Sciences, wrote in a commentary published in today’s China Daily newspaper.

The European debt crisis is “very different” from the 2008 financial crisis because it has so far been confined to smaller European nations, with neither Germany nor France having been greatly affected, Yi wrote.

Economic recovery in the U.S., Japan and other emerging markets and productivity gains for China’s export-oriented companies combined to spur increases in exports during the first five months of this year, Yi wrote.

China’s central bank also has “enough ammunition” to check increases in inflation, Yi wrote. Improved economic conditions in China and abroad will ease inflation pressures in the second half of this year, Yi wrote.

To contact the editor responsible for this story: Bloomberg News at jliu42@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.