China urges faith in share market

A senior central banker urged investors on Wednesday to keep faith in China's turbulent share market, saying the government's policies were geared towards supporting a sound, rising trend.

Wu Xiaoling, a deputy governor of the People's Bank of China, said recent volatility in share prices would not damage the world's fourth-largest economy as long as the market did not turn "unhealthy."

"China's economic fundamentals are good, and the intention of the Chinese government's macro controls is very clear. That is, to ensure a healthy, rising market," Wu told reporters on the sidelines of a conference in the northern port city of Tianjin.

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- Posted: 2007-06-06 09:32:19

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