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Sharp decline in economic growth unlikely (2)

By Zhou Xiaoyuan (People's Daily Overseas Edition)

08:57, December 23, 2011

Efforts in fiscal and monetary policies to ensure growth

Zong Liang, head of the Institute of International Finance and deputy general manager of Strategic Management Department of the Bank of China, said, “The size of financial credit will increase by about eight trillion yuan next year. Comprehensively considering all factors, the reasonable range of credit placement should be kept between 13 percent and 14 percent.”

Li Huiqing, Chief Investment Officer of Tianjin SWS also agrees with this data. He said that in line with the two objectives of monetary policies, namely economic growth and price stability, the central bank may increase money and credit placement in time of accelerated decline in prices and fallback of economic growth.

Taking into account the trend of economy and price level in the first half of next year, the central bank may cut the statutory deposit reserve ratio by about two percentage points to inject liquidity to the market.

【1】 【2】


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