China reiterates prudent monetary policy
Updated: 2013-07-05 17:21
(Xinhua)
|
|||||||||||
BEIJING - The State Council, or China's cabinet, on Friday reiterated that it will maintain a prudent monetary policy to support economic restructuring, warding off pressure from commercial lenders for a policy loosening amid current interbank liquidity squeeze.
Still, the State Council said in a guideline issued for the financial sector that the country will keep credit growth at a "reasonable level".
The statement vowed to strike a balance between stabilizing economic growth, adjusting the economic structure, stemming consumer inflation and guarding against financial risks.
According to the guideline, the government will use quantitative and pricing monetary policy tools to increase the money velocity and ensure that funds are used more efficiently.
The central bank will also help financial institutions ensure that credit is available for the advanced manufacturing and information technology sectors, as well as labor-intensive industries, the guideline said.
Related Stories
Prudent monetary policy to stay 2013-06-29 03:45
PBOC to maintain 'prudent' monetary policy: Zhou Xiaochuan 2013-06-28 13:04
China's monetary policy to reduce leverage 2013-06-26 09:54
Central bank reiterates prudent monetary policy 2013-06-23 20:01
BOC denies monetary default report 2013-06-21 00:37
Cautious monetary stance to remain 2013-06-20 01:53
Today's Top News
Russia more impatient over Snowden's stay
EU and US set for free trade negotiations
Top judge underlines justice
China and Canada to form pact
China to protect memorial sites for martyrs
No return in economic transition
KMT vets who fought Japanese are saluted
Looted treasures on show
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
Pain lingers after Xinjiang attack |
Tunnel builders sweat it out on new rail line |
Graduates face grim hunt for job |
Parents learn a lesson on homes |
Taking the reins of great change |
Lifting the veil of feng shui |