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BEIJING Herren Nike Air Presto Safari Schwarz Gelb Schweiz , Feb. 5 (Xinhua) -- China's monetary policy is expected to be more prudent and neutral, to rein in asset bubbles and guard against financial risks, economists have said.
The central bank, the People's Bank of China (PBOC), Friday raised the interest rate for seven-day repurchase agreements, a key tool used to adjust monetary policy, and for longer 14 and 28-day repo rates.
In January Nike Air Presto BR Alle Marine Schweiz , the PBOC also raised rates on its medium-term loan facility for the first time since it debuted the facility in 2014.
China has kept prudent monetary policy since 2011. However, in practice the policy has been slightly loosening for a period of time due to downward pressure on economic growth, according to Zhang Xiaohui, assistant governor of the PBOC.
Top policy makers said at the annual Central Economic Work Conference in December that China would maintain a "prudent and neutral" monetary policy in 2017.
In an article published Friday in China Finance, a PBOC-run financial magazine, Zhang described the monetary policy for 2017 as "more neutral" and "more prudent."
"China should keep its monetary policy prudent and stable, appropriately expand aggregate demand to avoid an overly-rapid economic slowdown and at the same time refrain from excessive money supply to prevent bubbles Herren NikeLab Air Presto Acronym Mid Utility Schuhe Schwarz Weiß Schweiz ," she said.
"The relatively easy monetary policy environment created by cuts to benchmark interest rates and reserve requirement ratios since late 2014 has changed," said Lian Ping, chief economist at the Bank of Communications.
"Monetary policy is currently shifting toward prudence while tilting to slight tightening, a trend that has become more and more clear since the second half of 2016," Lian added.
China International Capital Corporation (CICC), a Beijing-based investment bank, said that authorities were turning their focus to "curbing asset bubbles and guarding against economic and financial risks."
At the Central Economic Work Conference in December Herren Nike Air Presto Flyknit Ultra High Weiß Schweiz , the Chinese leadership pledged to make a priority of preventing financial risks, saying that curbing asset bubbles would assume more importance in 2017.
The caution is justified by the property market, which saw housing prices jump sharply in 2016, and changes to inflation.
China's consumer price index, a main gauge of inflation, in December increased 2.1 percent year on year. But producer prices rose 5.5 percent, the highest in more than five years Herren Nike Air Presto Essential Schuhe Grau Rot Schweiz , fanning inflation expectations.
However, analysts said policymakers would take a gradual approach, given internal and external uncertainties in China's economy, which needs to further consolidate.
China's economy grew 6.7 percent year on year in 2016, higher than most other major economies, but the slowest annual expansion in 26 years.
"The PBOC's moves will effectively guide market interest rates up, but we do not expect benchmark deposit and lending rates to be adjusted in the near term Herren Nike Air Presto QS Schuhe Grau Schweiz , considering both internal and external uncertainties on China's economy," CICC said.
"The direction of the PBOC's policy is very clear, but it will resort to an orderly and progressive approach," Zeng Gang, a researcher at the Chinese Academy of Social Sciences, told Xinhua in an interview.
"The authorities will take into account the impact of its policies on the financial market and the real economy, and the monetary policy will remain prudent on the whole Damen Nike Air Presto QS Schuhe Grau Rosa Schweiz ," said Zeng, who expects the policy to be further adjusted if the Chinese economy experiences major changes.
The central bank would be "very cautious" and "look carefully before taking each step" in changing monetary policy, said Lian, of Bank of Communications, adding that the PBOC would look at reactions in the domestic financial market and the real economy.
"No big moves are expected as the central bank will also take into consideration the U.S. Federal Reserve's possible rate decisions and the renminbi's exchange rate fluctuations," Lian said.
BEIJING, July 16 (Xinhua) -- French jungle adventure comedy film "Sur la piste du Marsupilami (HOUBA! On the Trail of the Marsupilami)" will hit Chinese screens on Wednesday.
The film sees French comedian Alain Chabat Herren Nike Air Presto Zen Grau Gelb Marine Schweiz , who is also the director and screenwriter of the movie, set out for a jungle adventure full of French humor with Jamel Debbouze, another popular movie star in France, said its importer, the China Film Group Corporation.
The film, based on the comic book "Marsupilami," tells a story of a reporter arriving in a country called Palombia in search of headline news.
Accompanied by a local tour guide Herren Nike Air Presto Schuhe Grau Blau Schweiz , the reporter winds up encountering surprise after surprise and confirms the existence of the Marsupilami, a mythical creature.
Chabat has wonderful childhood memories of reading "Marsupilami," which was created by Belgian comic book writer Andre Franquin in 1951 and tells of a creature with an eight-meter-long tail that can move as swift as a squirrel.
Chabat has brought the creature onto screens and bestowed new power on it.
The film was first released in April 2012 in France.
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