China to seek 'balance' in 2010

Chinese leaders will seek a balance between twin objectives of supporting growth and managing inflationary expectations in 2010…

Chinese leaders will seek a balance between twin objectives of supporting growth and managing inflationary expectations in 2010, the official Xinhua news agency reported today.

The ruling Communist Party's decision-making Politburo, reviewing its plan for this year, also said it will maintain appropriately loose monetary policy.

China has been steadfast in repeating this phrasing over recent months, even as it has moved to normalise monetary conditions after last year's ultra-loose, pro-growth policies.

Reuters