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China to use prudent monetary policy to "right degree"

(Xinhua)    10:10, March 05, 2019

BEIJING, March 5 (Xinhua) -- China will ease and tighten its prudent monetary policy to the right degree, according to a government work report available to news media Tuesday morning ahead of the annual legislative session.

China will use flexibly a variety of monetary policy instruments to effectively mitigate difficulties faced in the real economy, especially by private enterprises and small and micro businesses, says the report.

The country will improve the exchange rate mechanism and keep the RMB exchange rate generally stable and at an adaptive and balanced level, according to the report.

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Web editor: Xian Jiangnan, Liang Jun)

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