Do better jobs in exertion of moderate policy

In a symposium on August 1, attended by the leaders of all its branch offices, the central bank made stress in carrying out continually the moderate easy policy later this year. The focus should be laid on coordination of three aspects, that is, smooth and even faster economic growth, adjusting economic restructure and handling well inflation expectation.  Other works to follow, abide by the credit task made up at the beginning of the year, suggests: improving further liquidity management; proper running of open-market operation, etc, so as to help financial sectors with rational issuance of loans.

Additional steps should be worked out in assistance to agriculture-related problems, and for the aspects of innovation, social weak points, etc, to accelerate emerging industries, instead of high energy consumption projects and over-capacity producers.

The meeting also promotes to enhance the ability in predicting monetary policy, and pursuit incessantly economic situation and the market changes, domestically and worldwide. Attentions should especially be kept on macro economic situation, the tendency of monetary policy, the aftermath of European debt crisis, the changes of real estate market and the liquidity amid world banking system. All this exertion would certainly help us to become capable in matter analyzing and situation forward-looking.

On the meeting Agriculture Bank of China is asked to seed up improvement of internal management and strengthen the service in financing agriculture-related problems, on basis of restructuring and to be listed on the stock market.