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| Tekijä: | Yu, Yongding |
| Otsikko: | The prospect of "appropriate" monetary policy (original in Chinese) |
| Lehti: | Economy and Information (c)
1999 : 4, p.6-8 |
| Asiasana: | MONETARY POLICY CHINA |
| Kieli: | chn |
| Tiivistelmä: | China pursues "appropriate" monetary policy in 1999. And "appropriate" refers to the fulfillment of the goal of economic growth rate by 7% annually by means of sufficient currency supply and low enough interest rate. But the monetary policy should not have the nature of excessive expansion which would undermine the current macro-economic stability and the prospect of sustainable growth in the future. So the importance of profit-making index in the examine of the bank's outstanding achievements should be enhanced, the domestic currency market reform should be speeded up under the current conditions of currency deflation and the weakness of financing demand. For example, the free exchange course of RMB, under capital item should slowed down. |
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