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Thread: China adjusts its monetary policy
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[quote=ZOEY,258638]It is reported that China has announed to adjust its monetary policy from 'prudent' to 'tightening'. The central government made this decision at the annual economic conference in Beijing this week. What doest this mean? Faced with inflation risk and soaring prices of food and other products, China needs to take more cautious measures. Next year, China will continue to curb new bank lendings, controlling the growth rate of new lending around 13 percent, lower than the average growth rate 15% in recent years. How do you view this move? Does this mean that China really face inflation risk and its economy is over-heated and growing too fast?[/quote]
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