The People’s Bank of China (PBOC), China’s central bank, reports to the State Council and is part of the overall government structure. Photo: Reuters
The People’s Bank of China (PBOC), China’s central bank, reports to the State Council and is part of the overall government structure. Photo: Reuters
Economy /  China Economy

China’s government tells banks to ‘increase financial support’ for private firms to aid slowing economy

  • Beijing issues rare directive telling lenders and financial regulators to help boost growth after 2018 cooled to its slowest rate in 28 years
  • New instructions reflect underlying anxiety among leaders over economic prospects amid the trade war with the United States

Frank Tang
Frank Tang

Updated: 3:49pm, 15 Feb, 2019

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The People’s Bank of China (PBOC), China’s central bank, reports to the State Council and is part of the overall government structure. Photo: Reuters
The People’s Bank of China (PBOC), China’s central bank, reports to the State Council and is part of the overall government structure. Photo: Reuters
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