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He promised to slow the swift increases in the money supply and in bank lending that have fueled the recent acceleration in growth, but said that a loosening of the peg of China's currency to the dollar would have to wait for banking reforms.
Swift increases this year in bank lending, as in 2003, have stimulated the Chinese economy, as China's large trade surplus and continued intake of heavy foreign direct investment have helped give Chinese companies and individuals large sums to stash in bank deposits that the banks then lend for further investments.
Similar(55)
India's government is now bracing the country for a swift increase in the price of diesel fuel and other imported necessities priced in dollars.
Economists said the two moves could somewhat slow the swift increase in bank lending that has caused a steep rise in China's money supply and has raised fears that Chinese banks may be creating another wave of bad loans.
WASHINGTON — Citing hunger riots in developing countries and soaring grain prices around the world, Senate Democrats called on Monday for a swift increase of $200 million in foreign food aid, on top of an additional $350 million that President Bush has requested in a supplemental spending measure.
The result was a swift increase in larger planes with improved radial engines and a shift from biplanes to trimotor monoplane transports marketed by a subsidiary of Ford and by the European builder, Anthony Fokker, who had set up shop in the United States.
The swift increase in enrollment has long made supporters of the law anxious.
Yet none of America's seven recent mass shootings, whether as individual events or a collective, swift increase in brutalism, attracted much media attention, likely due to their ho-hum nature in a nation disturbingly inured to such violence.
We find a swift increase of the viral density as a function of the time of initiation of the therapy measured when the therapy is stopped.
Of interest, we observed a swift increase in serum MIA concentration after initiation of adalimumab treatment in PsA patients after 4 weeks, but after 12 weeks no significant effect could be detected.
With the swift increase in the number of older persons, an increasing demand for long-term care facilities has arisen.
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