China plans "proper, sufficient" supply of money, credit in 2010

09:44, March 05, 2010      

Email | Print | Subscribe | Comments | Forum 

China will inject "proper and sufficient" money and credit into the economy to ensure growth this year, as the moderately easy monetary policy will continue, says a government work report to be delivered by Premier Wen Jiabao at the parliament's annual session Friday.

The renminbi loan target is about 7.5 trillion yuan, 21 percent less than the figure for 2009, says the report distributed to the media before the opening of the Third Session of the 11th National People's Congress (NPC).

The broad measure of money supply, M2, which covers cash in circulation and all deposits, will rise around 17 percent year on year in 2010, slowdown from an increase of nearly 30 percent last year.

Source: Xinhua
  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
Major headlines
Editor's Pick
  • Glimpse of deputies to NPC session
  • Chilean president oversees relief work in quake-hit region
  • Greek labor unions step up protests against austerity measures nationwide
  • Celebs at 7th annual Global Green USA pre-Oscar party in Hollywood
  • EU must speak with one voice: Barroso
  • Deluded hen adopts puppies
Most Popular
Hot Forum Dicussion