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China's central bank to continue prudent monetary policy, says governor.
(From BBC Monitoring International Reports)
Text of report in English by official Chinese news agency Xinhua (New China News Agency)
Beijing, 14 June: The People's Bank of China, the country's central bank, will continue its prudent monetary policy, said Zhou Xiaochuan, its governor here Tuesday [14 June].
Zhou made the remark when delivering a report on China's monetary policy and financial reform since 2003 to senior governmental officials in Beijing.
At the end of 2004, the Chinese government declared that it would exercise prudent fiscal and monetary policies in 2005, putting an end to the proactive or expansionary fiscal policy that …
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