China in the nearest future will remain committed to a proactive financial and moderately loose monetary policy, strengthen its targeted focus and flexibility based on the new situation and new developments. About it, says a September 17 People's Bank of China / Central / report.
The report, entitled "Financial stabilization of China in 2010," notes that in 2009 thanks to this policy and a package of measures to stimulate the economy China has a relatively short time to reverse the significant economic downturn and to ensure the growth of the economy. In the future tense should continue to pursue a moderately loose monetary policy, to build a balance between maintaining a relatively fast and sustainable economic development, economic restructuring and management of inflation.
The banking sector, the report said, should continue to implement macroeconomic policies to provide greater support to the economic restructuring and transformation of models of economic development, prevent and mitigate hidden risks, optimize the structure of earnings to further increase capacity, market competitiveness and ability to resist risks.
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