Sustaining continuity in policies important | Shanghai Daily

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November 2, 2009

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Sustaining continuity in policies important

CHINA is to maintain basic stability and continuity in the economic policies and yuan exchange rate to ensure a bright prospect for its businesses.

Minister of Commerce Chen Deming made the remarks yesterday at the Canton Fair, an important barometer of China's foreign trade, in Guangzhou, capital of the southern Guangdong Province.

In the following months, China would continue the macroeconomic policies, stick to a proactive fiscal policy and moderately easy monetary policy, Chen said.

The yuan exchange rate should also be relatively stable so that domestic manufacturers and exporters can better predict and adjust to the market, Chen added.

He said the number of participants to the fair and the trade volume showed China's foreign trade was recovering.





 

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