2010 key year for China: bank governor | The Daily Star
12:00 AM, January 01, 2010 / LAST MODIFIED: 12:00 AM, January 01, 2010

2010 key year for China: bank governor

China's central bank governor said Thursday that 2010 would be a key year in the nation's battle to overcome the financial crisis and pledged a relaxed credit policy to boost economic recovery.
"To handle financial macro-economic adjustments well will be of great importance in effectively warding off the attacks of the global financial crisis and solidifying the basis of economic recovery," Zhou Xiaochuan said.
In the coming year, the People's Bank of China will maintain its moderately easy monetary policy, but will also make its policy more flexible, he said in a New Year's message to bank employees posted on the central bank's website.
In 2010, more credit supports would be channelled toward job creation, strategic emerging industries and towards the upgrading of industries, he said.
The bank will also offer financial support to areas of the economy that promote the expansion of domestic demand, aid the agricultural sector and help China move towards sustainable development, he said.

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