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China's monetary stance to remain unchanged: central bank

By Xin Zhiming | chinadaily.com.cn | Updated: 2017-03-10 11:37

China's prudent and neutral monetary policy will remain unchanged as such a stance is conducive to the country's structural reform, Zhou Xiaochuan, governor of the People's Bank of China, said.

The central bank has many monetary policy tools available to it and the market should not read too much into its every move, he said.

"If the monetary stance is made more neutral while remaining prudent, it will benefit China's structural reform, because if the stance is too loose, enterprises will not face pressure to reduce leverage," he said.

He also said the problem of small enterprises facing difficulty getting financing will gradually ease. "Small enterprises have accounted for about one third of bank loans, much higher than before."

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