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Old 03-13-2007, 04:28 AM   #1 (permalink)
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Join Date: Feb 2007
Posts: 47
Zhou Xiaochuan on monetary policy issues

According to 12th, March, Beijing Xin Hua Web, Zhou Xiaochuan, governor of People's Bank, when he attended the new press of the Fifth Session of the Tenth National People's Congress, answered reporter's question on the issue of monetary policy.

Zhou Xiaochuan said that the development of a modern market economy from the perspective of the theory and practice of monetary policy should be more transparent and more public, the industry to reach a consensus, which is more predictable. However, the different economies are in the different stages of development.

He pointed out that there are many different schools of economic circles. some people may be expected and the central bank's monetary policy, the people are different schools. there may be inconsistencies. Therefore, policies, and some say it is in line with his expectations, while some others think somewhat unexpectedly.

Zhou Xiaochuan said in genreal, with the establishment of a socialist market economy in China and mature. monetary policy should be more transparent and predictable, and the public and industry have better communication, this is a major trend. More infomation on www.tvsc.cn/zhonghuaxen
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