Proactive fiscal policy pledged
Source: Xinhua |
July 14, 2012, Saturday
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Print Edition
Print Edition
CHINA'S central bank yesterday reiterated the country will continue to implement a proactive fiscal policy and prudent monetary policy this year.
China's economy is facing a complicated environment both at home and abroad and the government's macro-economic regulations are challenged by increasing dilemmas, the People's Bank of China said yesterday, citing the downward pressure on economic growth and lower profits for some companies. The central bank vowed to enhance the role of finance in supporting the real economy and beef up services to boost demand and the development of small enterprises.
China's economy is facing a complicated environment both at home and abroad and the government's macro-economic regulations are challenged by increasing dilemmas, the People's Bank of China said yesterday, citing the downward pressure on economic growth and lower profits for some companies. The central bank vowed to enhance the role of finance in supporting the real economy and beef up services to boost demand and the development of small enterprises.
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