Monetary policy of China

Monetary policy concerns the actions of a central bank or other regulatory authorities adopt to manage and regulate currency and credit in order to achieve certain macroeconomic goals. The monetary policy of China aims to keep the value of the RMB stable and contribute to economic growth. 'The Law on the People's Bank of China (the PBOC) stipulates that the objective of monetary policy is to keep the value of RMB stable to contribute to economic growth.' Monetary policy concerns the actions of a central bank or other regulatory authorities adopt to manage and regulate currency and credit in order to achieve certain macroeconomic goals. The monetary policy of China aims to keep the value of the RMB stable and contribute to economic growth. 'The Law on the People's Bank of China (the PBOC) stipulates that the objective of monetary policy is to keep the value of RMB stable to contribute to economic growth.'