China can weather global finance crisis: Central bank

China must not under-estimate the impact of the global financial crisis but its economy is strong enough to weather the storm, the nation's central bank chief said Sunday.Zhou Xiaochuan said consumer demand at home would help offset lower demand from abroad for Chinese goods, amid a financial meltdown which has triggered concerns of a debilitating global recession."The current adjustment of global economic financial markets is the inevitable result of the releasing of unbalanced contradictions that have accumulated over a long period," Zhou told a parliamentary meeting."We cannot underestimate the impacts of this on our economy."The People's Bank of China would continue a flexible and prudent monetary policy to address "unstable elements" attacking the global economy and strive to maintain fast but stable economic growth, he added."We must recognise that the outlook of our overall economy is currently good.
Afp, Beijing