China's economic outlook will be more complicated in 2011 and the country will face many "new tasks and challenges", the central bank governor said on Friday. In the text of a speech published on the central bank's website, Zhou Xiaochuan also reiterated that the People's Bank of China would implement a prudent monetary policy in 2011.
China will strive to ensure basic stability in prices in 2011, central bank chief Zhou Xiaochuan said on Friday. In a New Year's message, Zhou reiterated that the People's Bank of China would implement a prudent monetary policy next year and make its policies more targeted and flexible. Chinese consumer price inflation rose 5.1 percent in the year to November, a 28-month high, and the central bank has raised interest rates twice in the past three months.