Real Economy Support
The People’s Bank of China (PBC), the country’s central bank, has pledged to implement a more targeted approach to the prudent monetary policy and provide stronger support for the real economy.
In a statement released on April 14 after the latest quarterly meeting of its monetary policy committee, the central bank said it will make every effort to stabilize growth, employment and prices, and expand domestic demand.
While the domestic economy is witnessing a recovery trend, its foundation is not yet solid, it said, vowing to keep loan growth at a reasonable and stable level and ensure that increases in
