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

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

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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