Li's focus on monetary policy this year

Yesterday, our correspondent interviewed Tsinghua University, director of China and the World Economic Research Center, on current monetary policy issues.　　He said the economic situation was grim and complex this year, with monetary policy focused on controlling inflation and managing expectations, including inflation expectations and rising asset prices. Li said the prime Minister pointed out in the government's work report that this year's important work is to speed up the transformation of economic development mode and adjust the economic structure. Now that many countries are only pegged to China's exchange rate, it should be known that exchange rate policy is only part of economic policy.　　The most important thing in China is to change the way of development, adjust the structure and promote domestic demand, which is also contributing to the development of the world economy. At a time when global economies are pulling out of the stimulus package, and China faces a more complex economic environment, when will interest rates rise? In this respect, Li said that the current global economic policy is divided into three kinds of circumstances, one is the United States, Japan, the European Union and other advanced economies, their current monetary policy is to maintain loose, but fiscal policy began to tend to conservative, and the emerging economies, including India and Brazil, have taken fiscal policy to remain positive, monetary policy began to tighten,　　China and the two models are not the same, the withdrawal of China's stimulus plan has its own pace, the state authorities will closely monitor the inflation situation and inflation expectations to adjust monetary policy, to raise interest rates to deal with inflation. The National Social Security Fund Ordinance has been included in the 2010 legislative planning of administrative regulations, which will be reflected in this issue.