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China sticks to moderately easy monetary policy

(chinadaily.com.cn)
Updated: 2009-09-18 16:14

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The People's Bank of China (PBOC), the central bank, will maintain a moderately easy monetary policy to ensure the stable development of the economy, the vice governor of the PBOC Su Ning said on Thursday, according to Guangzhou Daily.

Su said although China's foreign trade has bottomed out, it is unlikely that the world economy will recover in the near future. The central bank will stick to the current monetary policy in the second half of this year and next year, to ensure stable economic development.