China's economy 'faces growth challenge' in the future (BBC video)
China's leaders are meeting this week to discuss ways to ensure the economy maintains its pace of growth despite the global economic slowdown. Data released on Monday showed Novemb…
China's leaders are meeting this week to discuss ways to ensure the economy maintains its pace of growth despite the global economic slowdown. Data released on Monday showed November exports increased by just 13.8%, the slowest pace of expansion since February this year. China's manufacturing sector also contracted in November for the first time in almost three years. Chinese monetary authorities recently cut banks' reserve ratio requirement, effectively making more money available for lending in a bid to boost the economy. But as FICO blog author Andrew Jennings explained to the BBC's Sharanjit Leyl, even if officials ease policy further, Chinese banks may find it tough to trigger growth.
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