Chinese monetary policy appropriate -c.banker Yi
China's current monetary policy is appropriate to meet the challenge of fighting inflation, which is the central bank's main task, a senior official said on Monday.
Yi Gang, a vice-governor of the People's Bank of China, told reporters that he expected overall economic growth to remain steady this year but warned of the risk of inflation, now at an 11-year high.
Yi was speaking to reporters on the sidelines of meetings of the Chinese People's Political Consultative Committee, a body that advises the National People's Congress, or parliament, whose annual session opens on Wednesday.
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