However, analysts have predicted that the tight monetary policy will relax somewhat because the government vowed to fine-tune its economic policies to keep a balance between still hot inflation and sliding economic growth.
GDP growth in the world's second-largest economy slowed to 9.1 percent in the third quarter from 9.5 percent in the second and 9.7 percent in the first. And the official Purchasing Managers' Index, a key gauge of manufacturing activity, was weaker than expected in October, falling to 50.4 from 51.2 in September.
The central bank lowered yields on one-year bills on Tuesday again following last week's first decrease in almost two years, sparking concerns over a possible loosening of its monetary stance such as an interest rate cut.
The PBOC sold 52 billion yuan ($8.2 billion) in one-year central bills, a significant increase from 10 billion yuan last week.
In addition, new yuan lending grew by 586.8 billion yuan in October, a significant increase over the 470 billion yuan in September. And growth of M2, a broad measure of money supply that covers cash in circulation and all deposits, fell slightly to 12.9 percent in October from 13 percent in September.
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