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Issue Date: Vol. 53, No. 1, January 2013, Posted On: 1/6/2013

China Sets Path For Cautious Currency, Trade Policy In 2013

Hank Schlesinger
TAGS: bulk vending, vending machine, vending supplies, coin-op amusements, plush toys, capsule toys, China trade policy, China, currency policies, Zhou Xiaochuan, Chinese financial reform, yuan valuation

BEIJING -- No news is often good news for the bulk vending and coin-op amusement industries when it comes to China's trade policy. Despite increasing international pressure, including from the U.S., Chinese authorities have signaled no immediate change in its currency or trade policies.

The news of the policy projections for 2013 came by way of outgoing central bank governor, Zhou Xiaochuan. "We will keep overall price levels basically stable and promote healthy and sustainable growth of the economy," he said. "We will also further deepen financial reforms and the opening up of financial markets."

In addressing the issue of currency levels, a particularly sensitive issue for China, Zhou said, "In 2013, we will continue to implement prudent monetary policy and make policies more preemptive, targeted and flexible."

Zhou's remarks, which followed similar comments from the outgoing president, Hu Jintao, who promised that reform of China's economic growth model would be a crucial theme next year.

For bulk and crane operators and suppliers, China's currency policies have become a focus of attention. Even small increases in the value of China's yuan can cause the price of goods, including capsule merchandise and plush toys, to rise.

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