China PBOC to Keep Liquidity ‘Reasonably Abundant,’ Guo Says
By Bloomberg News
Nov. 5 (Bloomberg) -- China’s central bank will keep liquidity “reasonably abundant” while ensuring the sustainability of lending and directing banks to improve their loan structure, Guo Qingping, assistant governor of the People’s Bank of China told a conference in Beijing today. He reiterated the central bank’s statement last week that it would continue its moderately loose monetary policy and that the “positive factors” in China’s economy are increasing.
To contact the reporter on this story: Dingmin Zhang in Beijing at dzhang14@bloomberg.net
Last Updated: November 4, 2009 20:39 EST
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