e-magazine
The Hot Zone
China's newly announced air defense identification zone over the East China Sea aims to shore up national security
Current Issue
· Table of Contents
· Editor's Desk
· Previous Issues
· Subscribe to Mag
Subscribe Now >>
Expert's View
World
Nation
Business
Finance
Market Watch
Legal-Ease
North American Report
Forum
Government Documents
Expat's Eye
Health
Science/Technology
Lifestyle
Books
Movies
Backgrounders
Special
Photo Gallery
Blogs
Reader's Service
Learning with
'Beijing Review'
E-mail us
RSS Feeds
PDF Edition
Web-magazine
Reader's Letters
Make Beijing Review your homepage
Hot Links

cheap eyeglasses
Market Avenue
eBeijing

Representing the People
Representing the People
UPDATED: March 16, 2010 NO. 11 MARCH 18, 2010
Guarding Against Crisis
Share

Zhou Xiaochuan, Governor of the People's Bank of China (JIANG XIAOYING)

China will adjust its monetary policy according to changes with the country's economic indicators and feedback from policy implementation, said Zhou Xiaochuan, Governor of the People's Bank of China, the central bank.

The government will continue with a moderately easy monetary policy but at the same time closely follow the inflation issue and unfolding economic scenarios, Zhou said, noting that inflation control will be more complicated this year.

China will eventually have to withdraw its economic stimulus package sooner or later, but the timing must be treated with great caution, Zhou added.

The country will enhance the focus and flexibility of its policies and strike a balance between inflation expectation management and maintaining sound growth, he said.

Zhou also showed concerns about China's holdings of U.S. dollar assets. China is currently the biggest foreign holder of U.S. Treasury debts, but recent depreciation of the U.S. dollar has aroused concerns about safety of the dollar investments. The greenback is still a key currency in global trade, and China will closely monitor its trend in value against other currencies, Zhou said.



 
Top Story
-Protecting Ocean Rights
-Partners in Defense
-Fighting HIV+'s Stigma
-HIV: Privacy VS. Protection
-Setting the Tone
Most Popular
 
About BEIJINGREVIEW | About beijingreview.com | Rss Feeds | Contact us | Advertising | Subscribe & Service | Make Beijing Review your homepage
Copyright Beijing Review All right reserved