Beijing, August 9 (Xinhua): The Central Bank of China said Monday that it will maintain the stability of monetary policy and make it more connected and effective for strong support the real economy, avoiding "like flooding" stimulus.

The bank will coordinate macroeconomic policies for 2021 and 2022, will boost the development of high quality with moderate monetary growth. and support ongoing recovery of small and medium enterprises and industries in difficulties, according to a quarterly report of the People's Bank of China (PBOC) on the implementation of monetary policy.

General in, China has adhered to the implementation of normal monetary policy since the outbreak of the COVID-19 epidemic, with the intensity of monetary policy returning basically the preempídrico level in the first half of this year, according to the report.

The central bank will keep NA prudent monetary policy that is flexible, accurate, reasonable and moderate and moderate to normal monetary policy, make policy design cross and walk one fine line between economic recovery and risk control, according to the report.

The report called for efforts to strengthen the flexibility of the exchange rate of RMB, stabilize expectations of the market and improve macro-prudential management, to ensure the basic stability of the exchange RMB to exchange RMB to exchange RMB to exchange RMB to exchange RMB to exchange RMB to exchange RMB to exchange RMB to a type of RMB exchange rate of RMB exchange level.

He stressed the consolidation momentum steady and solid growth and achieving balanced economic recovery, to ensure a good start to the 14th Five-Year Plan period (2021-2025) .

Efforts will also be made to maintain generally stable prices, and guide financial institutions to improve support for technological innovation, small and micro-enterprises, manufacturing and green development, among others, according to the report. EndItem Follow on Twitter and Facebook to join the conversation. Application Download Chinanews


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