China to continue current monetary and fiscal policies

Also at Davos, the vice governor of China's central bank says the country's monetary and fiscal policies remain relatively accommodative.

On the sidelines of the forum, Zhu Min said China will continue its current economic policies this year, while seeking a stable currency and more balanced growth.

He added that China's economy will increase by a very strong 8 percent to 9 percent in 2010, while pointing out that a stable yuan exchange rate is good for both the nation, and the world.

He also played down any bubble concerns, saying the property market accounts for only a small part of lending expansion.