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September, the chairman of the country's banking regulatory
commission was quoted as saying Friday. But Liu Mingkang said the
global crisis "isn't behind us yet" and it was too soon to start
talking about an exit strategy from the government's massive stimulus
measures, Dow Jones Newswires reported. Liu was speaking at a banking
conference in Hong Kong. His comments referred to Beijing's
four-trillion-yuan (585- billion-dollar) stimulus package unveiled
last year and loose monetary policy. China, the world's number three
economy, is due to announce third quarter gross domestic product data
on or about October 22. The Chinese economy expanded 7.1 percent in
the first half from a year earlier, after growing 6.1 percent in the
first quarter and 7.9 percent in the second. Beijing sees eight
percent growth as essential for job creation and keeping a lid on
social unrest.
