PBOC governor stresses balance between growth, sustainability

China will pay more attention to the balance between economic growth and sustainability and actively promote high-quality, sustainable development while maintaining a reasonable growth rate, said Pan Gongsheng, governor of the People's Bank of China, the country's central bank.

Pan, who is also head of the State Administration of Foreign Exchange, made the remarks during a two-day meeting of the International Monetary and Financial Committee through Saturday in Marrakech, Morocco.

Positive factors in Chinese economic performance have risen recently with social expectations improving, a PBOC statement cited Pan as saying on Saturday. Both Industrial production and services activity picked up, the recovery of market sales accelerated, fixed-asset investment continued to grow and investment in high-tech industries maintained fast growth.

The country's monetary policy will provide continuous support and ride the uptick in economic momentum, with aggregate and structural monetary tools to be better leveraged to expand domestic demand, boost expectations and provide more substantial support for the real economy, according to Pan.

Pan added that the PBOC has implemented a sound monetary policy in a targeted and forceful manner and enhanced counter-cyclical adjustments, thus reinforcing the momentum of economic recovery and effectively addressing risks and challenges at home and abroad.