Given "the contraction in external demand, excess capacity in some industries, management...

|By:, SA News Editor

Given "the contraction in external demand, excess capacity in some industries, management difficulties at corporations, increase in urban unemployment - the downward pressure on [China's] economic growth has clearly increased," PBOC says today in its annual report. Deflation is a real possiblilty. (ETF: PGJ, FXI)