Business
        

Center

China central bank highlights stable prices

Updated: 2010-12-14 09:10

(Xinhua)

Twitter Facebook Myspace Yahoo! Linkedin Mixx

BEIJING - The People's Bank of China, or the central bank, will make further efforts to maintain prices stable after China's inflation rate hit a 28-month high, according to reports on Monday.

Related readings:
China central bank highlights stable prices Central bank's current challenges
China central bank highlights stable prices Central bank keeps watch on prices, liquidity
China central bank highlights stable prices Central bank pledges to intensify fight against inflation
China central bank highlights stable prices China to intensify liquidity management: Central bank

The central bank will analyze global economic developments and balance the relations between stable and relatively fast economic development, economic restructuring and managing the expected inflation, according to a discussion held during the central bank's meeting.

The central bank will enact stable monetary policies and seek to control fluidity, channeling credit funds to real businesses, especially agricultural and small and medium-sized enterprises, according to the central bank.

The central bank will also improve yuan exchange rate formation mechanisms, according to discussions at the meeting.

On Saturday, Chinese officials said the nation's inflation rate rose 5.1 percent in November year-on-year, which was a 28-month high.

E-paper

Ear We Go

China and the world set to embrace the merciful, peaceful year of rabbit

Preview of the coming issue
Carrefour finds the going tough in China
Maid to Order

European Edition

Specials

Mysteries written in blood

Historical records and Caucasian features of locals suggest link with Roman Empire.

Winning Charm

Coastal Yantai banks on little things that matter to grow

New rules to hit property market

The State Council launched a new round of measures to rein in property prices.

Top 10 of 2010
China Daily in Europe
The Confucius connection