Li says no change in prudent monetary policy
Print Edition
CHINA has not and will not alter its prudent monetary policy, and will not resort to a “flood-like” stimulus, Premier Li Keqiang said yesterday.
“I reiterate that the prudent monetary policy has not changed and will not change,” Li said. “We are determined not to engage in ‘flood-like’ stimulus.”
A central bank official later reiterated Li’s comments.
The official said the central bank will prevent risks from overly tight monetary conditions, as well as promote reasonable growth in credit and social financing.
China has been rolling out measures, such as cutting banks’ reserve requirement ratio to ensure that there is ample liquidity in the financial system.
Li added that rising bill financing and short-term loans could lead to “arbitrage” activities and create potential risks.
Financial institutions should offer more credit, especially medium and long-term loans to small firms, he said.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
