China Targets Stable, Fast Growth: Central Bank

From AFP:

China’s central bank said Sunday it would seek to create conditions for “relatively fast” economic growth in the coming months, despite the ongoing threat of inflation.

“We will use various monetary policy tools to create good conditions for stable, relatively fast growth,” the bank said on its website, outlining policy decisions made at its first-quarter policy work meeting.

The central bank’s statement came after recent figures suggested growth in China’s economy — the world’s fourth-largest — is beginning to slow.