Monetary policy firm
Source: Xinhua |
March 7, 2010, Sunday
|
Print Edition
Print Edition
CHINA will adjust its monetary policy in line with economic indicators and the effects of policy implementation, central bank governor Zhou Xiaochuan said yesterday.
Zhou made the remarks on the sidelines of the annual session of the National People's Congress (NPC), the country's top legislature.
China targets a rise in consumer prices of around 3 percent this year, according to the government work report delivered by Premier Wen Jiabao on Friday.
"It's difficult for us to anticipate all the possible scenarios and changes in indicators, Zhou said. "Therefore, our policy will be adjusted according to changes in economic indicators and feedback from implementation.
"We will continue with a moderately easy monetary policy but closely follow inflation and changes in other economic indicators," he said, noting inflation control will be complicated this year.
China will face the issue of withdrawing its economic stimulus package, but "the timing of the exit must be treated with great caution."
Zhou made the remarks on the sidelines of the annual session of the National People's Congress (NPC), the country's top legislature.
China targets a rise in consumer prices of around 3 percent this year, according to the government work report delivered by Premier Wen Jiabao on Friday.
"It's difficult for us to anticipate all the possible scenarios and changes in indicators, Zhou said. "Therefore, our policy will be adjusted according to changes in economic indicators and feedback from implementation.
"We will continue with a moderately easy monetary policy but closely follow inflation and changes in other economic indicators," he said, noting inflation control will be complicated this year.
China will face the issue of withdrawing its economic stimulus package, but "the timing of the exit must be treated with great caution."
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