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Chinese legislators discuss improved central bank monetary policy management.
(From BBC Monitoring International Reports)
(New China News Agency)
Beijing, 24 August: Chinese legislators attempted to improve the central bank's performance in monetary policy management while debating the draft amendment of the Law on the People's Bank of China Sunday [24 August].
"The central bank shall focus more on making monetary polices and watching the monetary market, which distinguishes itself from the newly-founded bank watchdog, the China Banking Regulatory Commission (CBRC)," said Cheng Siwei, vice-chairman of the National People's Congress (NPC) Standing Committee.
On Saturday, the People's Bank of China (PBOC), the central …
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