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China to Keep ‘Normal’ Monetary Policies: Journal


China will apply "normal" monetary policies, including positive interest rates and yield curves, for as long as possible to support sustainable growth, the China Securities Journal reported citing Yi Gang, the governor of the PBOC. Future monetary policies should ensure reasonable growth of M1 and social financing with controlled liquidity to reduce economic fluctuations, Yi said. China's financial system should continue to support the growth of innovative high-end manufacturing and other leading industries, and apply the dual-circulation model for the further opening-up of the economy, the Journal said citing Yi's deputy Chen Yulu.

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