To implement the sound monetary policy, we will take steps in the following five areas. First, strengthening the forward-looking approach so that we will be able to judge economic and financial development more accurately. Second, further improving the indirect management tools and flexibly applying the mix of various monetary policy instruments to ensure steady and appropriate growth of money and credit.
Third, encouraging the financial institutions to improve their credit structure to enable the prices to play a larger role in promoting balanced economic aggregates and structural adjustment. Fourth, closely monitoring external economic and financial development to promote balanced international payments. Fifth, appropriately dealing with the market exit of some financial institutions to maintain the stability of the financial system.