Ｓｍｏｏｔｈｉｎｇ Ｅｃｏｎｏｍｉｃ Ｔｒｅｎｄｓ ｉｎ ２００８

Tight monetary policy

2008 marks the first time that the government has changed the monetarypolicy from "prudent" to "tight". For the last ten years China has been fol-lowing the prudent approach, but this change is required to stabilize eco-nomic expansion in future.