Home > United Nations Online Network in Public Administration and Finance (UNPAN)
1. Global
2. Africa
3. Arab States
Arab States
4. Asia & Pacific
Asia & Pacific
5. Europe
6. Latin America & Caribbean
Latin America & Caribbean
7. North America
North America
UNPAN Asia & Pacific

Public Administration News  
China to Intensify Liquidity Management
Source: Xinhua News Agency
Source Date: Wednesday, November 24, 2010
Focus: ICT for MDGs, Internet Governance
Country: China
Created: Nov 30, 2010

A statement of China's central bank said Wednesday that the country would continue using multiple monetary policy tools to enhance liquidity management and guide the money and credit growth back to normal.

The statement by Hu Xiaolian, a deputy governor of the People's Bank of China (PBOC), said the country is facing challenges to achieve this year's target of keeping the new lending under 7.5 trillion yuan (1.13 trillion U.S. dollars).

The PBOC urged the country's financial institutions to better manage the pace and scale of credit supplies for the rest of the year.

According to the PBOC statistics, China's new lending has totaled 6.89 trillion yuan in the first 10 months of the year.

China was experiencing continuous capital inflows on speculation of yuan appreciation, Hu said. "This does not only push up domestic commodity and asset prices, but also makes the liquidity management more difficult."

She further noted that the central bank would continue efforts to balance the relationship between ensuring stable and relatively fast economic growth, restructuring the economy and managing inflationary expectation.
News Home

 Tag This
 Tell A Friend
del.icio.us digg this Slashdot
0 ratings
Views: 787

Comments: 0 Favorited: 0 Bookmarked: 0 Tagged: 0

0 Comments | Login to add comment

Site map | FAQs | Terms and Privacy | Contact Us
Copyright 2018 by UNPAN - United Nations Public Administration Network