Bloomberg News

Lam Says China to Take Steps to Stimulate Growth

March 04, 2012

Banny Lam, Hong Kong-based economist at CCB International Securities Ltd., a unit of China’s second-largest bank, talks about the nation's economic policy and it implications for mainland companies.

China will target economic growth of 7.5 percent this year, the lowest goal since 2004, suggesting leaders will tolerate slower expansion while they try to reduce the nation’s reliance on exports. Lam speaks with Rishaad Salamat on Bloomberg Television's "On the Move Asia." (Source: Bloomberg)

Running time 02:34


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