Bloomberg News

Perng Says China’s Economy Won’t Have a Hard Landing

October 04, 2011

Oct. 5 (Bloomberg) -- China’s economy won’t have a “hard landing” as its economy is performing relatively good compared to U.S. and Europe economies, central bank governor Perng Fai- nan said in parliament today. Taiwan will closely monitor Chinese economic data, Perng said.

Taiwan won’t hold the Chinese yuan in its foreign exchange reserves, Perng said.

To contact the reporter on this story: Chinmei Sung in Taipei at csung4@bloomberg.net

To contact the editor responsible for this story: Janet Ong at jong3@bloomberg.net


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