China’s monetary policy to be prudent and neutral
Print Edition
CHINA’S monetary policy will be kept prudent and neutral in 2017, said a central bank statement issued yesterday, echoing the tone set at the Central Economic Work Conference.
In the statement issued after a work conference, the People’s Bank of China also promised better adjustments of the monetary floodgates to ensure stable liquidity.
Financial services should fit in with the need to advance supply-side structural reforms, while strengthening support for national strategies such as capacity cuts, industrial restructuring and Beijing-Tianjin-Hebei Coordinated Development, the PBOC said.
It also said it would deepen financial system reforms, and improve policies and other conditions for the yuan’s globalization.
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