Central: Next Year's Economic Policy Will Stabilize Prices In A More Prominent Position.

After analyzing the current economic situation, the Central Committee

The meeting pointed out that the basic orientation of macroeconomic policy next year should be vigorous, prudent and flexible. The key point is to deal with the relationship between maintaining stable and rapid economic development, adjusting the economic structure and managing inflation expectations more actively and steadily, speeding up the strategic adjustment of the economic structure, putting the overall level of stable prices in a more prominent position, and effectively enhancing the coordination, sustainability and endogenous driving force of economic development.

Industry analysts pointed out that in general, next year's macroeconomic policy orientation is between positive and robust, flexible regulation will become the main focus.

Among them, the task of controlling prices is arduous, and the most important means to maintain price stability is steady.

The meeting suggested that prudent monetary policy should be carried out in accordance with the requirements of overall stability, adjustment and structural optimization, so as to better manage the total gate of liquidity and invest more credit capital in the real economy, especially the "three rural" and small and medium-sized enterprises, so as to better serve the steady and rapid economic development, and further improve the RMB exchange rate formation mechanism.

Wu Xiaoling, vice chairman of the NPC finance and Economics Commission, said earlier that the continuous high growth of broad money M2 is a relatively important reason for increasing inflationary pressure.

Therefore, the opening and closing of liquidity gates will also become the main measure of monetary policy adjustment in 2011.

Zhao Qingming, senior research fellow of China Construction Bank, believes that the wording of monetary policy reflects the prudence of policy.

At present, there is still uncertainty in the domestic and foreign economies. We must not be desperate. For example, the introduction of interest rate increases must be prudent.

At present, foreign exchange accounts for a large part of the money supply. The central bank will continue to follow the "hot money" inflow situation, grasp the operation frequency of the open market, reserve ratio and other tools, and achieve "adjustment degree".

Zhao Qingming believes that the current liquidity is "tightened inside the loose", and the rate hike is likely to accelerate the flow of foreign short-term funds. Therefore, controlling and hedging liquidity is mainly based on the reserve ratio and other tools.