Arab Today, arab today china should maintain prudent monetary policy
Last Updated : GMT 00:31:57
Arab Today, arab today
Arab Today, arab today

China should maintain prudent monetary policy

Arab Today, arab today

Arab Today, arab today China should maintain prudent monetary policy

Beijing - Xinhua

China should stick to its prudent monetary policy in the coming few years while instituting proactive fiscal measures to substantially promote economic structure reform, the China Securities Journal on Monday quoted a central bank official as saying. As the country maintains its moderately tight money supply, adopting a proactive fiscal policy is the key to the successful transformation of its economic structure, Xia Bin, a member of the central bank\'s monetary policy committee, said in the report. \"Further, whether the government could keep to the moderately tight, or prudent monetary policy, depends on the support from fiscal measures,\" said Xia. According to the report, Xia suggested that the government have a more proactive fiscal policy while speeding up the reform of its fiscal spending structure. \"Only by further improving its fiscal policy could the country achieve the economic structure transformation,\" Xia said. Also, the report quoted Xia as saying that the future monetary policy should focus on how to digest the existing 76 trillion yuan (about 11.74 trillion U.S. dollars) of money stock on the market, which will play an important role in stabilizing prices. \"Future monetary policy should not be decided according to past experience,\" Xia said in the report, as effects of the reserve requirement ratio (RRR) and interest rate hikes may be offset by the expanding M2, the broad measure of money supply. Meanwhile, Xia urged the government to continue using open market operations and monetary tools such as RRR to rein in the \"irrational\" money growth, increasing the flexibility of the yuan\'s exchange rate, and gradually turning interest rates from negative to positive. To manage hot money influx, Xia advised the government to establish an unremunerated reserve requirement system and relevant tax levy regime that had already proved effective in other emerging economies.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china should maintain prudent monetary policy Arab Today, arab today china should maintain prudent monetary policy

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china should maintain prudent monetary policy Arab Today, arab today china should maintain prudent monetary policy

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Airbus CEO says won't cling to job

GMT 06:52 2017 Monday ,16 October

Airbus CEO says won't cling to job
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today 'Final phase' of battle for Raqa

GMT 03:47 2017 Monday ,16 October

'Final phase' of battle for Raqa
Arab Today, arab today Iran's Facebook shuts down

GMT 23:50 2017 Monday ,16 October

Iran's Facebook shuts down
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today British actress becomes fifth woman

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman
Arab Today, arab today India to close colonial-era military farms

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Norway seeks 'Tesla tax' on electric cars

GMT 08:17 2017 Friday ,13 October

Norway seeks 'Tesla tax' on electric cars
Arab Today, arab today Safaa Sultan happy for “Love School”

GMT 10:55 2017 Thursday ,12 October

Safaa Sultan happy for “Love School”
Arab Today, arab today Conservation cutbacks put Brazil's

GMT 12:02 2017 Saturday ,14 October

Conservation cutbacks put Brazil's

GMT 10:19 2017 Wednesday ,11 October

Bosy reveals behind her participation in festival

GMT 10:37 2017 Thursday ,12 October

Cara Delevingne accuses Weinstein

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 10:20 2017 Thursday ,12 October

Chad extends key conservation area

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 12:25 2017 Saturday ,14 October

Squeeze on UK health gives advanced

GMT 07:16 2017 Friday ,13 October

Lufthansa to swallow lion's share

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday