Skip to content

China Will Continue Its Loose Monetary Policy

The Political Bureau of the Central Committee of the Communist Party of China held a meeting to review the State Council’s “Report On the Work of the Government.” 

The report outlined the economic direction for 2010, which calls for continuing to implement the proactive fiscal policy and moderate, loose monetary policy in an effort to maintain the continuity and stability of the government policies. 

On one hand, the government should keep up enough policy efforts to consolidate the good momentum of economic recovery, but on the other hand, it should also speed up the adjustment of the economic structure and promote the transition mode of economic development.

Source: Xinhua, February 22, 2010