Central bank on path of prudence
By Wang Xiaotian | China Daily | Updated: 2012-02-20 08:03
Falling growth and inflation fight require caution, bank official says
BEIJING - Prudence will be the watchword amid global economic uncertainty and the battle against inflation, the central bank said on Sunday.
"The pressures of slowing growth and rising inflation exist at the same time. The monetary stance will remain prudent," Jin Qi, assistant governor of the People's Bank of China, said in a statement published on the bank's website.
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