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Analysts said an aggressive fiscal policy would be on a "controllable level", and the focus of further fiscal operations will fall on structural tax cuts. "Domestic and global turmoil have not changed the fundamentals of China's economy, and fiscal...
Reuters reports that Asia could now be vulnerable to a recession due to Europe's debt crisis. "As external demand is now fading clearly, Chinese exporters are facing increasing difficulties," announced China's Finance Minister Xie Xuren. A Reuters poll...
Skyscrapers are seen during sunset in downtown Shanghai February 2, 2012. China's economy faces downward risks in 2012, as weakening external demand cuts into growth of the country's export sector, the Finance Minister Xie Xuren said in remarks... View Photo »
In a signed article published in the Qiushi Journal under the Central Committee of the Communist Party of China, Xie said that implementing a proactive fiscal policy was a significant decision as the country deals with a changing economic environment. ...
Xuren said there would be "downward pressure" on growth in 2012, as the outlook for China's trade partners deteriorated. "As the external demand is now fading clearly, Chinese exporters are facing increasing difficulties," he said. China's economy grew...
Feb. 1 (Xinhua) -- It is both necessary and possible for China to maintain a proactive fiscal policy this year, Chinese Finance Minister Xie Xuren said on Wednesday. In a signed article published in the Qiushi Journal under the Central Committee of the...
Lou Jiwei, Chairman and CEO of China Investment Corporation, perspires as he addresses the Asian Financial Forum in Hong Kong in this January 20, 2010 file photo. The head of China's $410 billion sovereign wealth fund is the front-runner to become the... View Photo »
As the external demand is now fading clearly, Chinese exporters are facing increasing difficulties,” China’s Finance Minister Xie Xuren said in remarks on Wednesday. In South Korea, exports posted a shocking 6.6 percent drop from a year earlier in...
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China's Finance Minister, Xie Xuren, left, shakes hands with France's Finance Minister, Francois Baroin, right, during a group photo at French finance ministry in Paris, Saturday, Oct. 15, 2011. Finance ministers and central bank governors of the world's leading economies are gathering...
View Photo »Chinese Finance Minister Xie Xuren waits for the beginning of the G20 meeting of Finance Ministers and Central Bank Governors at the Finance Ministry in Paris October 15, 2011.
View Photo »China's Finance Minister Xie Xuren attends the G20 finance meeting in Paris, Saturday, Oct. 15, 2011. Finance ministers and central bank governors of the world's leading economies are gathering in Paris to discuss how to save Greece from bankruptcy, beat a path out of Europe's wider...
View Photo »China's Finance Minister Xie Xuren poses on the second day of the G20 meeting of Finance Ministers and Central Bank Governors on October 15, 2011, in Paris. Finance ministers and central bank governors of the world's leading economies are gathering in Paris to discuss how to save Greece...
View Photo »China's Finance Minister Xie Xuren attends the G20 meeting of Finance Ministers and Central Bank Governors at the Finance Ministry in Paris October 15, 2011.
View Photo »Chinese Finance Minister Xie Xuren (L) shakes hands with France's central bank head Christian Noyer at the "Cite de L'Architecture" in Paris, prior to a working dinner, on the first day of the G20 meeting of Finance Ministers and Central Bank Governors, on October 14, 2011.
View Photo »China's Finance Minister, Xie Xuren, arrives for a two days meeting at the Cite de l'Architecture in Paris, Friday, Oct. 14, 2011. Finance ministers and central bank governors of the world's leading economies are gathering in Paris to discuss how to save Greece from bankruptcy, beat a...
View Photo »China's finance minister Xie Xuren (L) attends the Development Committee meeting during the annual IMF-World Bank meetings in Washington September 24, 2011.
View Photo »Chinese Finance Minister Xie Xuren takes his seat for a plenary session during the annual International Monetary Fund and World Bank meetings on September 23, 2011 in Washington, DC.
View Photo »China's Finance Minister Xie Xuren (L) shakes hands with Belgian Finance Minister Didier Reynders as they attend a plenary session during the annual IMF-World Bank meetings in Washington September 23, 2011.
View Photo »China's Finance Minister Xie Xuren leaves after the BRICs finance ministers' news conference during the annual International Monetary Fund (IMF)-World Bank meetings in Washington September 22, 2011.
View Photo »China's Finance Minister Xie Xuren (L) and Governor of People's Bank of China Zhou Xiaochuan arrive at the BRICs finance ministers' news conference during the annual International Monetary Frund (IMF)-World Bank meetings in Washington September 22, 2011.
View Photo »People's Bank of China Governor Zhou Xiaochuan (R) and Chinese Finance Minister Xie Xuren (L) speak during a press conference held by BRICS (Brazil, Russia, India, China and South Africa) members at the IMF Headquarters in advance of the 2011 Annual World Bank - IMF Meetings, in Washington,...
View Photo »Chinese Finance Minister Xie Xuren, left, and China's Central Bank Governor Zhou Xiaochuan, attend the BRIC (Brazil, Russia, India, and China) finance ministers news conference, Thursday, Sept. 22, 2011, during the IMF/ World Bank annual meetings in Washington.
View Photo »CORRECTION SOURCE French finance minister Christine Lagarde (L) shakes hands with Chinese finance minister Xie Xuren (R) before their official dinner at the Diaoyutai State Guesthouse in Beijing on June 8, 2011. French finance minister Christine Lagarde met with senior Chinese officials...
View Photo »French finance minister Christine Lagarde (L) shakes hands with Chinese finance minister Xie Xuren (R) before their official dinner at the Diaoyutai State Guesthouse in Beijing on June 8, 2011. French finance minister Christine Lagarde met with senior Chinese officials June 8 as she...
View Photo »France's Central Bank Governor Christian Noyer (R) greets China's Finance Minister Xie Xuren at the start of the G20 meeting of Finance Ministers and Central Bank Governors at the Finance Ministry in Paris, October 15, 2011.
View Photo »Central Bank Governor Christian Noyer (R) welcomes China's Finance Minister Xie Xuren, at French finance ministry in Paris on October 15, 2011. Europe went into a meeting of the G20 bloc of leading economies today, seeking to convince its partners that it can tackle a debt crisis that...
View Photo »France's central bank governor Christian Noyer, right, welcomes China's Finance Minister Xie Xuren at the French Finance Ministry in Paris, Saturday, Oct. 15, 2011. Finance ministers and central bank governors of the world's leading economies are gathering in Paris to discuss how to...
View Photo »France's Minister of Economy Christine Lagarde (R) talks with China's Minister of Finance Xie Xuren (L) as they arrive for a meeting of the Development Committee during the International Monetary Fund and World Bank Spring Meetings at IMF headquarters in Washington, April 16, 2011.
View Photo »China's Minister of Finance Xie Xuren arrives for a meeting of the Development Committee during the International Monetary Fund and World Bank Spring Meetings at IMF headquarters in Washington, April 16, 2011.
View Photo »China Finance Minister Xie Xuren shake hands with France's Finance Minister Christine Lagarde as they attend the Development Committee during the IMF/World Bank spring meetings in Washington on Saturday, April 16, 2011.
View Photo »China's Minister of Finance Xie Xuren attends a photo session with Group of 20 at the IMF/World Bank spring meetings in Washington, Friday, April 15, 2011.
View Photo »Canada's Finance Minister Jim Flaherty, left, China's Finance Minister of Xie Xuren, center, and International Monetary Fund (IMF) Managing Director Dominique Strauss-Kahn, right, join finance ministers and central bank governors of the Group of 20 attending the IMF/World Bank spring meetings...
View Photo »China's Finance Minister Xie Xuren, center, walks with International Monetary Fund (IMF) Managing Director Dominique Strauss-Kahn, right, as ministers and central bank governors of the Group of 20 attending the IMF/World Bank spring meetings gather for a group photo in Washington, Friday,...
View Photo »China's Finance Minister, Xie Xuren, left, shakes hands with France's Finance Minister, Francois Baroin, right, during a group photo at French finance ministry in Paris, Saturday, Oct. 15, 2011. Finance ministers and central bank governors of the world's leading economies are gathering...
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