INTERVIEW-China to stick to loose policies -PBOC's Fan
Published: 06 Nov 2009 00:22:47 PSTSINGAPORE, Nov 6 - China's economy has stabilised and is on track to achieve economic growth of 8 percent next year but will stick to its loose fiscal and monetary policies for now, central bank adviser Fan Gang told Reuters on Friday.
"The economy has stabilised and I personally believe the recovery will be sustained," Fan, a member of the monetary policy committee of the People's Bank of China, said in an interview.
"There is no problem for China to achieve 8 percent growth in 2010."
Officials see growth rate of 8 percent as the minimum needed to maintain social stability.
Fan, director of the National Economic Research Institute, a Beijing-based think-thank, is the only academic who sits on the central bank's 13-member monetary policy committee.
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