The China Financial Stability Report 2010 issued by the People’s Bank of China on September 17 claims that China will continuously implement the positively fiscal policy and the moderately loose monetary policy in the next phase and focus on making policies targeted and flexible in accordance with new situation.

The Report announced that in 2009, China quickly reversed the obvious slowdown of economic growth under the joint effects of the positively fiscal policy and the moderately loose monetary policy and a package of plans for addressing the global financial crisis to get national economy to rise rapidly. In the next phase, the country will continuously implement the moderately loose monetary policy and handle well the relationship between maintaining the stable and fast development of economy, adjusting economic structure and managing the expectation of inflation.

Source: Xinhua Net