It is said in China’s Monetary Policy Report (the second quarter of 2009) issued by People’s Bank of China recently that People’s Bank of China will unswervingly continue to implement moderately easy-monetary policy in the next phase, and will use market means to carry out fine-tuning dynamically.

It is noted in the report that China’s economy is in a critical period of recovery and stabilization, and to maintain the stable and rapid economic development is still the most important task faced by us. We should grasp the focus, intensity and rhythm of the moderately easy-monetary policy, detect and resolve the symptoms of problem in time, properly handle the relation between supporting the economic development and preventing and eliminating the financial risks, further strengthen the relevance, effectiveness and sustainability of supervision, safeguard the stability of the financial system, and consolidate the good economic situation to stabilization and recovery. In medium and long term, we should increase China’s economic growth potential and achieve the sustainable development through deepening the reform and speeding up the structural adjustment.

Source:Xinhua