Reform Goes On.docVIP

Reform Goes On 　　As China looks to transform its growth model， the country recently laid out guidelines to ensure that the financial sector supports its economic rebalancing efforts. 　　The State Council issued a 10-measure guideline for the financial sector on July 5. The governing body reiterated that it will maintain a prudent monetary policy and a reasonable money and credit supply to support economic restructuring after a cash crunch sent interbank borrowing rates to record highs in June. 　　It also pledged to press ahead with financial reforms and strike a balance between stabilizing eco