Monetary policy continues to mature

Editor's Note: Yi Gang, governor of the People's Bank of China, said at a recent symposium that the country will continue to implement a sound and prudent monetary policy, strengthen counter-cyclical regulation, and strengthen structural adjustments to prompt the banking system to better serve the real economy and promote a virtuous circle of economic and financial development. 21st Century Business Herald comments:

His reaffirmation of a sound and prudent monetary policy is very important at a time when there have been mounting calls for easing credit from the real estate and capital markets in the context of rising economic downward pressures.

Some have even called for the macroeconomic policy to return to the era of maintaining growth, injecting more credit into the market to stimulate economic growth.