Central Bank Governor Pan Gongsheng: The next step will be to strengthen counter-cyclical and cross-cyclical adjustment

On August 24th, Pan Gongsheng, the governor of the central bank, said that the People's Bank of China has implemented three major monetary policy adjustments in 2010, accurately and effectively supporting the economic recovery. The next step will be to strengthen counter-cyclical and cross-cyclical adjustment, focus on supporting stable expectations, boost confidence, and support the consolidation and strengthening of the economic recovery.