China's central bank said on Saturday it had done a good job promoting economic growth and would keep implementing pro-growth policies. "We have sent timely signals for ensuring economic growth and stabilizing market confidence, and we have forcefully promoted the stable and rapid growth of the national economy," the People's Bank of China said in a statement on its website (http://www.pbc.gov.cn/).
"Appropriately relaxed" monetary policy is one of China’s stimulus packages in the global economic downturn. I believe the "Appropriately relaxed" monetary policy can support economic growth.
In easy monetary conditions, there is an adequate money supply and low interest rates. The monetary conditions encourage more investment and domestic spending, such as real estate investments. Increased consumption creates more job opportunities. "Appropriately relaxed" monetary policy maintains the stable development of the economic and prompts the economic recovery.
Wen Zhang
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