CHINAUS AFRICAASIA 中文双语Français
Business\Markets

China's monetary stance to remain unchanged: central bank

By Xin Zhiming | chinadaily.com.cn | Updated: 2017-03-10 11:37

China's prudent and neutral monetary policy will remain unchanged as such a stance is conducive to the country's structural reform, Zhou Xiaochuan, governor of the People's Bank of China, said.

The central bank has many monetary policy tools available to it and the market should not read too much into its every move, he said.

"If the monetary stance is made more neutral while remaining prudent, it will benefit China's structural reform, because if the stance is too loose, enterprises will not face pressure to reduce leverage," he said.

He also said the problem of small enterprises facing difficulty getting financing will gradually ease. "Small enterprises have accounted for about one third of bank loans, much higher than before."

BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US