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PBOC warns of higher inflationary pressure (2)

(Xinhua)

15:29, February 07, 2013

Meanwhile, the ultra-loose global monetary supply will remain for quite a long period, making it necessary to spot potential imported inflation, according to the report.

The PBOC reiterated it will continue with a prudent, more forward-looking, targeted and flexible monetary policy.

It pledged to keep a reasonable market liquidity and ensure credit and social financing grow steadily and properly.

Credit support will be strengthened for key national projects, the rural sector, small enterprises, modern services and emerging industries, the central bank said.

Speculation and investment demand in real estate will continue to be curbed, it said.

It noted that China's economy will hopefully maintain steady and relatively fast growth.

"The momentum of sustained growth remains strong, and positive factors that can drive domestic demand up are increasing," it said.

But the report said the weak recovery of the global economy, the negative effects of monetary loosening abroad and the unbalanced economic structure domestically still present a complicated environment for China.

【1】 【2】

Email|Print|Comments(Editor:MaXi、Li Zhenyu)

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