ICBC’s Jiang Says China to Keep Monetary Policy Tight on Prices
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Industrial & Commercial Bank of China Ltd. Chairman Jiang Jianqing said he expects China to maintain tight monetary policy even though there’s room to adjust the provision of credit to “certain sectors.”
“Inflationary pressure in China is still very high,” he said at the opening of an Africa representative office for the world’s largest bank by market value in Cape Town yesterday. “I think the direction for China’s monetary policy and credit policy will still be very prudent.”