Emphasis on prudent monetary policy
CHINA has decided to maintain a prudent and neutral monetary policy in 2018 as the country strives to balance growth and risk prevention.
“Prudent monetary policy should be kept neutral, the floodgates of monetary supply should be controlled, and credit and social financing should see reasonable growth,” the Central Economic Work Conference statement said.
The tone-setting words came as China faces the dual task of ensuring stable economic growth and liquidity while averting financial risks accumulated over years of credit binges and lax regulations.
Authorities have maintained a prudent and neutral monetary policy this year, keeping appropriate liquidity levels but avoiding excessive liquidity injections. The central bank has increasingly relied on open market operations for liquidity management, rather than cuts in interest rates or reserve requirement ratios.
The statement reiterated that systemic financial risks should be forestalled. It said the yuan’s exchange rate will be kept basically stable at a reasonable and balanced level.
On the fiscal front, the statement said “the proactive orientation of fiscal policy will be maintained, while the structure of fiscal spending should be optimized.”
Authorities will ensure fiscal support for major fields and projects while reducing regular expenditures.
- About Us
- |
- Terms of Use
- |
-
RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔$粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.