Economy

Economy likely to maintain steady, rapid growth: PBOC

(Xinhua)
Updated: 2010-07-01 09:18

BEIJING: China's economy is very likely to maintain steady and rapid growth in 2010, with more positive factors than last year boosting the economy, the People's Bank of China (PBOC), China's central bank, said Wednesday.

But the nation's economy still faces a complex domestic and international situation, the central bank said in the summary of the 2010 China financial stability report posted on its website.

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It is imperative to continue implementing the country's macro control policy and increase support for the economic restructuring and transformation of the economic growth pattern, the central bank said.

Further efforts are needed to strengthen prudent management of macro policies, deepen financial reforms and improve financial institutions' profitability, so as to maintain financial stability.