Yi Gang, governor of the People's Bank of China, speaks at the session of "Monetary Policies: Back to Normal" during the Boao Forum for Asia Annual Conference 2018 in Boao, south China's Hainan province, April 11, 2018. (PHOTO / XINHUA)
BOAO, Hainan – China will stick to a prudent monetary policy to deal appropriately with external shocks and better shore up the real economy, the country's central bank governor said Friday.
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Against a backdrop of the uncertain international landscape, rising inflationary pressure, and a resurgence of COVID-19 domestically, China has adopted pre-emptive measures, said Yi Gang, governor of the People's Bank of China (PBOC), in a speech delivered via video link at the Boao Forum for Asia Annual Conference 2022.
Price stability is the Chinese monetary policy's top priority, Yi stressed, vowing that to ensure price stability grain production and energy supply would be priorities.
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"As long as grain production and energy supply remain stable, inflation will be kept within a reasonable range," he said.