Reuters reported that Chinese officials reaffirmed the country pro growth policy stance even though the economic recovery is now seen as being on solid ground.
Mr Guo Qingping an assistant governor of the People's Bank of China said the central bank would stick to its appropriately relaxed monetary policy stance and ensure an appropriate amount of liquidity in the banking system.
Mr Guo comments came a day after the Federal Reserve said it would keep borrowing costs near zero for an extended period even as it expressed growing confidence that the US economy was regaining strength.
Mr Li Yang a former adviser to China's central bank said the government may use a web of regulations to tweak monetary conditions without changing the broader policy background.
Mr Li Yang a senior researcher with the Chinese Academy of Social Sciences said "For example, if we want to control bank lending, we previously used measures like required reserve ratios, but these measures were not effective enough."
He said that "However, there are a lot of things that can be done in terms of regulation. For instance, if the capital adequacy ratio was increased to 10% from 8% few banks would be able to lend."
Mr Chen Dongqi a senior government researcher said that China gross domestic product could rise 10.5% next year mainly thanks to recovering exports.
Mr Chen vice head of the macroeconomic institute under the National Development and Reform Commission the top economic planning agency said exports may rise 10% next year and inflation will pick up but remain less than 3% in all of 2010.
Mr Yao Jingyuan the chief economist of the National Bureau of Statistics, told the Economic Information Daily that China must maintain "consistency and stability" in its macro-economic policies, at least for now.
He said that "China economy is like a car halfway up a hill. You can't take your foot off the accelerator at the moment. But he added that China did not need a second stimulus package as economic growth this year would reach at least 8% the totemic target set by the government.”
Mr Guo from the PBOC said there were more and more positive economic signs. He said that "The momentum of stabilisation and improvement has become more clear-cut."
