China to continue prudent, neutral monetary policy in 2018
Date: 12:38, 22-12-2017.
Almaty. December 22. Silkroadnews - China will continue to pursue a prudent, neutral monetary policy in 2018, CCTV reported.
“China will continue to adopt a prudent and neutral monetary policy and a proactive fiscal policy in 2018,” the report reads.
“Prudent monetary policy should be kept neutral, the floodgates of monetary supply should be controlled, and credit and social financing should see reasonable growth. Meanwhile, the proactive orientation of fiscal policy will be maintained, while the structure of fiscal spending should be optimized,” the statement says.
Reportedly, the specific measures will be taken to strengthen the regulation of the local authorities’ debts.
