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Special> NPC & CPPCC Sessions 2010> Latest
UPDATED: March 6, 2010
China to Adjust Monetary Policy on Changes in Economic Condition: Central Governor
China is going to continue with a moderately easy monetary policy but at the same time closely follow inflation and changes in other economic indicators


Zhang Ping, Chairman of National Development and Reform Commission (NDRC), Xie Xuren, the Minister of Finance, Chen Deming, the Minister of Commerce, and Zhou Xiaochuan, governor of the People's Bank of China, attend a news conference of the Third Session of the 11th National People's Congress (NPC) on the enhancement and improvement of macro-economic control held at the Great Hall of the People in Beijing, China, March 6, 2010 (XINHUA) 

China will adjust its monetary policy in accordance with changes of economic indicators and feedbacks from policy implementation, said central bank governor Zhou Xiaochuan Saturday.

Zhou made the remarks at a press conference held on the sidelines of the annual session of the National People's Congress (NPC), the country's top legislature.

China targets a rise of consumer price of around 3 percent this year, according to the government work report delivered by Premier Wen Jiabao Friday.

"It's difficult for us to anticipate all the possible scenarios and changes in indicators. Therefore, our plicy will be adjusted according to changes in economic indicators and feedbacks from implementation," said Zhou.

"We are going to continue with a moderately easy monetary policy but at the same time closely follow inflation and changes in other economic indicators," he said, noting that inflation control will be very complicated this year.

China will enhance the focus and flexibility of the policy according to new conditions and strike a balance between inflation expectation management and maintaining a sound growth, he said.

(Xinhua News Agency March 6, 2010)

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