China central bank highlights stable prices
Updated: 2010-12-14 09:10
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.
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.
China and the world set to embrace the merciful, peaceful year of rabbit
Historical records and Caucasian features of locals suggest link with Roman Empire.
Coastal Yantai banks on little things that matter to grow
The State Council launched a new round of measures to rein in property prices.