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Article: 1st Ld-Writethru: China should be cautious of U.S. subprime crisis:central bank governor

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Xinhua News Agency
Article date:
March 6, 2008
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1st Ld-Writethru: China should be cautious of U.S. subprime crisis:central bank governor

BEIJING, March 6 (Xinhua) -- The further impact of U.S. subprime mortgage crisis on China's economy and monetary policy cannot be underestimated, central bank governor Zhou Xiaochuan warned Thursday.

"There will be further indirect impact from the U.S. subprime mortgage crisis on China's economy in the future. It cannot be underestimated since what lies ahead is far beyond previous experiences," said Zhou, governor of the People's Bank of China.

He made the remarks at a press conference held on the sidelinesof the ...

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