Home Page | Photos | Video | Forum | Most Popular | Special Reports | Biz China Weekly
Make Us Your Home Page
China
Most Searched: Mass line  Two sessions  CPPCC  NPC  Xi Jinping   

China's monetary policy faces new challenges: PBOC governor

English.news.cn   2014-05-27 16:55:15

BEIJING, May 27 (Xinhua) -- China's central bank governor said the country is facing unusually intricate economic circumstances at present, which pose new challenges to the bank's monetary policy.

Zhou Xiaochuan, governor of the People's Bank of China (PBOC), made the remark during a seminar held in east China's Zhejiang Province, a region with thriving private lending, according to an online note released by the bank on Tuesday.

China is trying to manage multiple tasks simultaneously amid increasing downward pressure, including stable economic growth, structural adjustment, reform, risk control and people's well-being.

This represents fresh challenges to the world's second-largest economy, which is striving to ensure stability and improve services in the financial sector with a prudent monetary policy, Zhou said.

He asked all branches of the PBOC to follow the current monetary policy and help create a sound environment to support the local economy and facilitate national reform.

Improving financial supervision and pushing forward an inclusive financial system were also mentioned in the note.

Related:

China to keep monetary policy continuous, stable: PBoC

BEIJING, May 6 (Xinhua) -- The People's Bank of China (PBoC), the central bank, vowed to maintain continuity and stability of its monetary policy in a report released on Tuesday.

PBoC will continue to adopt prudent monetary policy and fine tune it in light of changes so that the policy can stabilize growth, boost reforms, adjust structures, enhance people's welfare and prevent risks, said the report. Full story

China's CPI down, slight monetary easing expected

BEIJING, May 9 (Xinhua) -- China's consumer prices increased at a slower pace in April as the cost of fresh vegetables and pork both declined, official data showed on Friday.

The Consumer Price Index (CPI), a main gauge of inflation, increased 1.8 percent year on year in April, down from 2.4 percent in the previous month, according to the National Bureau of Statistics (NBS). Full story

Keeping inflation down top priority in China’s monetary policy

BEIJING, April 21 (Xinhuanet) -- China’s consumer price index(CPI), which is a main measure of inflation, increased 2.4 percent in March, up from 2 percent in the previous month.

The acceleration in inflation was attributed to growth of food prices. Full story

Editor: Yang Yi
分享
Related News
Home >> China            
Most Popular English Forum  
Top News  >>
Photos  >>
Video  >>
Top China News Latest News  
  Special Reports  >>
010020070750000000000000011100001333656821