ECONOMY

Stronger Policy

The People’s Bank of China (PBC) on June 27 vowed stronger macro-economic policy adjustment as well as better fiscal, monetary, and employment policy coordination and implementation to counter the impact of the novel coronavirus disease (COVID-19) pandemic on economic growth.

The country will pursue a prudent monetary policy in a more flexible and appropriate way, and attach greater importance to boosting the real economy and sustainable development, the PBC said in a statement released after a quarterly meeting of its monetary policy committee.

The country’s economic growth faces challenges as the situation of the global COVID-19 pandemic and world economic development remains grave and complex, the central bank said.

The central bank will use a variety of monetary policy