China to continue prudent monetary policy next year
时间:2011-12-15 05:30:27
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BEIJING, Dec. 14 (Xinhua) -- The People's Bank of China, the country's central bank, said Wednesday that China will continue its prudent1 monetary2 policy next year while making the policy more targeted, flexible and forward-looking.
The announcement came after the conclusion of the annual central economic work conference Wednesday morning, which has set economic policy guidelines for the coming year.
The central bank will maintain control over the
intensity3, pace and focus of macroeconomic regulation, make full use of monetary tools,
tune4 up credit supply and promote reasonable growth in social financing, according to a statement posted on its website.
The bank will improve credit structure, increase support to key
sectors5 and weak areas, especially to agriculture, small and medium-sized enterprises and
affordable6 housing construction, as well as better serve the real economy.
It will continue to perfect its yuan exchange rate formation
mechanism7, and keep the yuan exchange rates basically stable at a reasonable and balanced level.
Meanwhile, the bank will strengthen and improve its foreign exchange management, deepen financial system reforms, prevent and solve financial risks, the statement said.
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