China to tighten monetary policy in 2008 中国将收紧货币政策

cherishie

China will shift its monetary policy \"from prudent to tight\" in 2008, to prevent its economy from overheating and to try to contain accelerating inflation, according to the three-day 2007 Central Economic Work Conference concluded on Wednesday.
为期三天的中央经济工作会议于周三落幕。根据这次会议，2008年中国将调整其“稳健的货币政策”为“从紧的货币政策”，以预防经济过热和抑制不断加剧的通货膨胀。

伊人独酌

It is good, now everything is expensive

cherishie

I hope the new policy will work. However, we are to see the effect LONG after the monetary policy is applied. And unemployment may happen unfortunately after the inflation is contained. The government has to balance the coming result caused by a policy shift. We all see her good effort, though we still have to pay a lot of money for a small amount of meat.

伊人独酌

Yes, salary and the living cost are not equal.