Zhou Cautions on Lingering Crisis as China’s Exports Rebound

Central bank Governor Zhou Xiaochuan highlighted the effects on China of what he termed five years of crisis, adding to officials’ cautions on the economic outlook even after a rebound in exports.

“Overall our macro-economic controls have been successful,” Zhou said at a briefing in Beijing yesterday as part of the Communist Party congress that begins a once-a-decade leadership transition. “But of course the financial crisis didn’t finish, and became a European debt crisis, and therefore we are still continuing to deal with it.”