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In 2010, The Central Bank'S Monetary And Credit Policies Continued To Be Controlled.

2010/7/9 13:33:00 70

Monetary Policy

Recently, the Central Bank of China issued a regular meeting of the second quarter monetary policy committee in 2010. In the second half of 2010, it maintained moderate growth in monetary and credit, and continued to maintain "credit control" in credit policy.


The central bank's Monetary Policy Committee believes that in the first half of 2010, the financial operation was generally stable, the monetary and credit growth was reasonable, and the liquidity of the banking system was basically moderate.


For the second half of the credit policy, the central bank monetary policy committee put forward that we should continue to implement the "guaranteed control".

credit

Policy, adjust and optimize credit structure.


Prior to this, in the first quarter regular meetings, the central bank

currency

The policy committee has proposed strict control over loans to the "two high" industries, overcapacity industries and new construction projects.


In order to achieve "11th Five-Year" national unit GDP energy consumption dropped by 20%, it must drop more than 5.62% in 2010.

However, in the first quarter of 2010, the GDP energy consumption per unit of the whole country increased by 3.2%, making it impossible to accomplish the task of energy saving and emission reduction this year.


Niu Li, director of the National Information Center forecast office, said that although the high energy consumption and high pollution industries were severely depressed and energy consumption slowed down in May -6, energy consumption still increased compared to the GDP growth rate and average industrial growth rate. "This is the biggest challenge and problem."


For the first half of the economic situation, the central bank's Monetary Policy Committee believes that China's economy has been on the upswing, and the coordination of consumption, investment and exports has led to an increase in economic growth. "The economy is developing towards the direction of macro regulation and control."


However, the central bank monetary policy committee pointed out that in the management

inflation

The task of China is still arduous in the following four aspects: anticipation, maintaining stable and rapid economic development, adjusting the economic structure and changing the mode of economic development.


The meeting stressed that in the second half of the year, we should pay close attention to the development of the economic and financial situation, and flexibly apply various monetary policy tools to maintain moderate growth in monetary and credit.

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