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BEIJING, July 13 (Xinhua) -- The central bank reiterated Friday that the country will continue to implement a proactive fiscal policy and prudent monetary policy in 2012. The statement was released by the People's Bank of China after data showed that
BEIJING, Dec. 14 (Xinhua) -- The People's Bank of China, the country's central bank, said Wednesday that China will continue its prudent monetary policy next year while making the policy more targeted, flexible and forward-looking. The announcement c
The International Monetary Fund says the U.S. economy is struggling to overcome sluggish growth due to an unresolved government debt crisis and weaknesses in the housing market and household finances. In a report released Tuesday, the IMF downgraded
BEIJING, Dec. 27 (Xinhua) -- China's central bank said Thursday it will continue to implement a prudent monetary policy next year and pay close attention to potential financial risks. The People's Bank of China (PBOC) said in a statement that it will
WASHINGTON, Oct. 19 (Xinhua) -- Thanks to a massive(巨大的) and sustained(持久的) policy response, the U.S. economy has continued to recover from the worst recession(衰退,不景气) since the Great Depression, but the recovery rem
Supply side-reform is dominating the Two Sessions thus far. Five national political advisors have just briefed the media on this subject. Here's Li Yining, a senior economist -- and also a member of the CPPCC Standing Committee -- on how he sees Chin