PBoC Governor: China Will Maintain Appropriately Loose Monetary Policy In 2010

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China will continue its "appropriately loose" monetary policy in 2010, the People's Bank of China Governor Zhou Xiaochuan said Thursday.

In his New Year message, posted on the central bank's Web site on Thursday, Zhou said 2010 will a crucial year for Chinese policy makers to stabilize the economy after the international financial crisis.

Moreover, he said the central bank will encourage lending to new industries and employment-friendly sectors.

China will continue its "appropriately loose" monetary policy in 2010, the People's Bank of China Governor Zhou Xiaochuan said Thursday. (Market News Provided by RTTNews)