Source: CCTV.com

03-06-2008 18:39

Special Report:   2008 NPC & CPPCC sessions

China's central bank said today (Thursday) it would use a range of policy measures this year to restrain money supply growth. The move is in a bid to keep with the tight monetary stance it adopted in December to curb inflation.

Zhou Xiaochuan, governor of the People's Bank of China, answers a question from journalists during a press conference on economic and social development and macroeconomic regulation held by the First Session of the 11th National People's Congress (NPC) at the Great Hall of the People in Beijing, capital of China, March 6, 2008. (Xinhua Photo)
Zhou Xiaochuan, governor of the People's Bank of
China, answers a question from journalists during
a press conference on economic and social development
and macroeconomic regulation held by the First Session
of the 11th National People's Congress (NPC) at the
Great Hall of the People in Beijing, capital of China,
March 6, 2008. (Xinhua Photo)

In a review of its work since 2003, released to reporters ahead of a news conference, the People's Bank of China said that it would "pay due attention to guiding expectations" and seek to adopt more forward-looking measures to guide the economy.

It added that efforts will also be made to fine-tune the pace and strength of macro-economic measures in light of changes in the economic and financial situation at home and abroad, in order to create a stable monetary and financial environment for economic growth and restructuring.

 

Editor:Xiong Qu