People’s Bank of China

Flexibly Utilizing Interest Rates to Regulate theCredit DemandThe regular meeting of the Monetary Policy Committee in thefirst quarter of 2002 was held in Beijing.It was chaired by DaiXianglong,governor of the People’s Bank of China andconcurrently the chairman of the Monetary Policy Committee,and attended by the members of the Committee and thepersons in charge of the departments concerned.