Expert Profile
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David Wei
Since October 2007, chief executive officer and executive director of Alibaba.com;
From November 2006 to September 2007, president of Alibaba.com and executive vice president of Alibaba Group;
From 2002 to 2006, president of B&Q China, a subsidiary of King
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Hukou system refers to the system of residency permits in China, where household registration is required by law. A hukou is issued per family, and usually includes the births, deaths, marriages, divorces, and moves, of all members in the family. Set up in 1958 in order to control mass urbanization, China's hukou system effectively divides the population in two -- urban households and rural households.
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| China Premier Said The Country Will Maintain Stimulatory Policies |
China will maintain its current macroeconomic policy stance aimed at bolstering domestic spending as the nation continues to experience fallout from the global recession, reported Bloomberg, citing Premier Wen Jiabao.The effect of some of China’s stimulus policies will weaken over time, and the economy is still under pressure from declining demand for exports, Wen said Monday. Wen’s statement will help to ease concern that China could remove stimulus efforts adopted last year amid a rebound in stock and property prices and a surge in lending. The People’s Bank of China doesn’t see any inflationary pressure in the economy and assets prices are not a factor taken into consideration when setting policies, deputy governor Su Ning said a couple of days ago. This should clear the recent confusions in the market about the government’s policy stance and preclude the possibilities of hikes to interest rates, reserve requirement ratios in the near term, said an industry analyst. |





China will maintain its current macroeconomic policy stance aimed at bolstering domestic spending as the nation continues to experience fallout from the global recession, reported Bloomberg, citing Premier Wen Jiabao.
