Recent Development and Implications of China’s Monetary Policy

Jing Wan and Na Xie

East Asian Policy (EAP), 2015, vol. 07, issue 03, 20-35

Abstract: The Chinese government reiterated its commitment to proactive fiscal and prudent monetary policies. Since 2014, the central bank has taken measures to loosen money supply as the economy faces growing downward pressure. The leadership strives to maintain modest growth while facilitating economic restructuring. For the central bank, besides maintaining an accommodating monetary environment, it is asked to achieve better credit allocation among sectors. Numerous new innovative policy tools have been experimented.

Date: 2015
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DOI: 10.1142/S1793930515000252

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