For small areas within a monetary union, a common monetary policy does have some specific implications. Small countries have little influence on the euro area inflation rate, which is a weighted average of national inflation rates. If inflation rates in those small countries diverge from the euro area average, that has relatively little impact on the overall monetary policy stance for the euro area.
*  *  *  In 2005, under the leadership of the State Council, all regions in China followed a scientific development approach, further intensified macro-economic management and continued reform and opening-up. The GDP grew by 9.9 percent, fixed asset investment increased by 25.7 percent, and CPI moved up by 1.8 percent.