PBOC chief reiterates prudent monetary policy, financial risk control
Updated: 2015-07-03 09:34
(Xinhua)
|
||||||||
Zhou Xiaochuan, governor of People's Bank of China, smiles while taking questions from journalists at home and abroad during an ongoing press conference on March 12, 2015. [Photo/Xinhua] |
"We should continuously improve the monetary macro-control framework, carry out prudent monetary policy and promote sustained and healthy economic growth," said Zhou Xiaochuan, governor of the People's Bank of China (PBOC), at a seminar.
Meanwhile, he urged the central bank to "hold fast to the bottom line that no systemic or regional financial risks should occur."
The words came as China's economy showed signs of stabilizing while the country's stock market spiraled downward.
The manufacturing purchasing managers' index (PMI), a key measure of factory activity in China, posted 50.2 in June, unchanged from May and in expansion territory for a fourth month in a row, according to official data published Wednesday.
Meanwhile, HSBC's version of manufacturing PMI, which is more focused on small- and medium-sized enterprises, posted 49.4 in June, up from 49.2 in May.
The central bank has cut interest rates for four times since November 2014 to bolster the real economy, the latest round announced over the weekend.
Despite liquidity-easing measures, China's stock market has tumbled in the past few weeks, with the benchmark Shanghai Composite Index plunging 24.29 percent from June 15 to Thursday.
- Injured ROK tourists in intensive care
- 36 dead, 26 missing after banca capsized in C. Philippines
- Thai navy plans to buy three Chinese subs
- Mass casualties in Indonesian military plane crash
- Japan's LDP lawmaker denounces Abe's security policies
- More than 100 feared dead in Indonesian military plane crash
- Western Europe swelters in long-lasting heat wave
- Top 10 shareholders of AIIB
- Massive Hello Kitty theme park opens to visitors
- New terminal of Pyongyang Intl Airport put into use
- Ten paintings to remember Xu Beihong
- Obama hails new chapter in US-Brazil relations
- Boxers top Forbes highest paid celebrities list
- Not so glamorous: Glastonbury ends with sea of rubbish
Most Viewed
Editor's Picks
Seventh China-US strategic dialogue |
Premier Li embarks on Latin America visit |
What do we know about AIIB |
Full coverage of Boao Forum for Asia |
Annual legislative and political advisory sessions |
Spring Festival trends reflect a changing China |
Today's Top News
Economic growth driving force for China's future mobility: Think tank
'Operation duck' and the student savior from internment camp
White House lifts ban on cameras during public tours
China, Canada seek to increase agricultural trade
A Canadian comes to Xi'an, finds personal, business success
Fewer Chinese seek US grad schools
US, Cuba to announce reopening of embassies on Wednesday
China bests MDGS for improved drinking water, sanitation
US Weekly
Geared to go |
The place to be |