China Financial Daily

Su Ning, deputy governor of the central bank: China’s monetary policy is the world’s most successful
Su Ning, deputy governor of the People’s Bank said that this year, the People’s Bank of the implementation of appropriate monetary policy, has adopted a series of flexible and powerful measures to increase financial support for economic development. Moderately easy monetary policy has been effective results, the total monetary and credit growth will continue to optimize credit structure, to boost the confidence of the market, expanding domestic demand, promote economic recovery played a very important role. From the implementation of the first half, the response to financial crisis, not just China, the Western market economy countries, many also take a lot of policies and measures to stop economic decline and promote economic recovery. However, the overall effect, China’s policies, including China relaxed monetary policy appropriately, it should be said is the most successful.

For inflation, said Su Ning 1-6 months of this year, China’s CPI index is a negative 1.1%, a decrease of 1.1%, than the factory prices of industrial products decreased 5.9 percent over the same period last year, so there is not inflation.

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