China Central Bank To Keep ‘Moderately Loose’ Policy Stance

From Bloomberg:

China’s central bank said it will maintain a “moderately loose monetary policy” and aims to consolidate the nation’s economic recovery.

“To continue to foster the relatively smooth and fast economic development is the top priority,” the People’s Bank of China said in a statement on its Web site that cited recent remarks by Su Ning, a deputy governor, in Shanghai. The Web site posting came hours after the biggest tumble in a benchmark Chinese stock index in eight months.

The comments echo those of Chinese officials who met with U.S. counterparts in Washington this week. Stimulating economic growth is the “top priority,” China’s Vice Premier Wang Qishan said in remarks yesterday closing the two days of discussions. Governor Zhou Xiaochuan said yesterday there are “a lot of uncertainties concerning where the economy will go.”

Categories :

Tags :,

SUPPORT CDT

Tweets

Google Ads 1

CDT EBOOKS

Giving Assistant

Amazon Smile

Google Ads 2

Anti-censorship Tools

Life Without Walls

Click on the image to download Firefly for circumvention

Open popup
X

Welcome back!

CDT is a non-profit media site, and we need your support. Your contribution will help us provide more translations, breaking news, and other content you love.