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China's central bank pledges stronger support for real economy
China's central bank on Wednesday pledged intensified efforts to implement the prudent monetary policy and give stronger support for the real economy. In its third-quarter monetary policy report, the People's Bank of China said it will ensure the money supply and social financing grow at a reasonable rate to achieve better economic performance, while ruling out the possibility of "flood irrigation." Policy and development banks will be directed to make full use of financial instrument quotas and 800 billion yuan (about 114 billion U.S. dollars) of newly-added credit line, while commercial banks will be guided to ... (full story)
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- Posted: Nov 17, 2022 12:02am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 669
