China's prudential monetary policy will be....>

CHINA: China's prudential monetary policy will be neither too tight nor too

loose this year, and the growth of M2 and aggregated financing will match the

growth of nominal GDP growth, Chen Yulu, PBOC deputy governor, said at a weekend

meeting in Washington D.C. hosted by the International Monetary and Financial

Committee, according to a statement on the PBOC website. China will improve the

"double pillar" regulation framework based on monetary policy and

macro-prudential policy, accelerate building financial market infrastructures,

improve exchange rate formation mechanism, and keep the yuan rate stable at a

reasonable level, Chen said.