Wednesday, October 21, 2009

China remains committed to the loose monetary policy


China on Wednesday confirmed its commitment to "active financial policy and adequately loose monetary policy", promising stability, even given the fact that the Chinese authorities have adopted a new rhetoric, expressing great confidence in the speedy restoration of the economy, reports Reuters.

The State Council of China said that the trend towards economic recovery of China is a consolidated opinion, but, nevertheless, was cautious on the longer term, noting that global economic recovery will be slow and that there are still imbalances in the domestic market.

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