China to maintain neutral monetary course
The keynote of the central bank’s work is to continue to seek improvement in stability and adjusting to the 'new normal' of economic development
China will continue to implement a steady and neutral monetary policy, officials at the People’s Bank of China said at a regular meeting on September 30, the 21st Century Business Herald reported.
The keynote of the central bank’s work is to continue to seek improvement in stability and adjusting to the “new normal” of economic development, the report said.
By employing a full range of monetary policy tools, the bank aims to maintain liquidity, monitor the flow of money and credit as well as the social financing scale to grow the economy at a reasonable pace.
To further carry out supply side reform, the bank will optimize the structure of financing as well as credit, in particular by increasing the proportion of direct financing.
The meeting also analyzed the current global economic and financial circumstance, recognizing that the world is still in a period of deep adjustment in the post-financial crisis era, and, that China is facing a complicated situation, the report said.