BEIJING, Dec 7 (Reuters) - China will control growth in money supply and credit next year as it seeks to engineer stable economic growth while managing inflationary expectations, the government concluded at its annual economic policy-making conference on Monday.
The Central Economic Working Conference said the economic recovery was still not on solid footing and that it would implement macroeconomic policies in a flexible manner according to the needs of the situation, the Xinhua News Agency reported.
The full text of the meeting's conclusions did not make mention of its stance toward Beijing's exchange rate policy but said the government will promote trade settlement in yuan.
The conference said the government would maintain its appropriately loose monetary policy stance next year, Xinhua reported earlier. [ID:nTOE5B608O] (Reporting by Zhou Xin, Aileen Wang and Simon Rabinovitch, Writing by Jason Subler; Editing by Ken Wills)