Money

China's central bank reiterates monetary policy stance in 2011

(Xinhua)
Updated: 2011-01-01 09:28
Comments( China Daily Website - Connecting China Connecting the World

Sorry, the page you requested was not found.

Please check the URL for proper spelling and capitalization. If you're having trouble locating a destination on Chinadaily.com.cn, try visiting the Chinadaily home page

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
) PrintMail
Large Medium Small

BEIJING - China will implement a prudent monetary policy in 2011 and ensure consumer prices stay "basically stable," the central bank governor Zhou Xiaochuan said Friday.

The People's Bank of China, the central bank, will strive to make the monetary policy more targeted, flexible and effective next year, Zhou said in a New Year's address posted on the central bank website.

Related readings:
China's central bank reiterates monetary policy stance in 2011Central bank targets inflation 
China's central bank reiterates monetary policy stance in 2011 China's central bank vows to stabilize prices
China's central bank reiterates monetary policy stance in 2011China central bank outlines 2011 focus 
China's central bank reiterates monetary policy stance in 2011 Central bank's current challenges

More efforts will also go to pushing forward financial reform, preventing systematic risks in the financial sector and safeguarding financial stability, he said.

With inflation running at a record high, China announced early this month to shift its monetary policy stance from relatively loose to prudent next year.

The proactive fiscal policy, which China implemented in late 2008 to help the national economy through the global financial crisis, would continue in 2011 however.

The consumer price index, a main gauge of China's inflation, surged to a 28-month high of 5.1 percent in November, exceeding the government's target ceiling of 3 percent for this year, pushed up by soaring food prices.

Comments( China Daily Website - Connecting China Connecting the World

Sorry, the page you requested was not found.

Please check the URL for proper spelling and capitalization. If you're having trouble locating a destination on Chinadaily.com.cn, try visiting the Chinadaily home page

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
) PrintMail