China’s central bank will maintain the level of total financing in the economy in line with economic development, Sun Guofeng, head of its monetary policy department, said. Photo: AFP

China to maintain ‘prudent’ monetary policy given positive impact of US trade deal, central bank says

  • After China signed its trade deal with the United States, the People’s Bank of China plans to also focus on improving finance structure and preventing financial risks
  • China’s central bank plans only ‘limited’ room for further cut in banks’ reserve requirement in 2020
Topic |   China economy

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China’s central bank will maintain the level of total financing in the economy in line with economic development, Sun Guofeng, head of its monetary policy department, said. Photo: AFP
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Frank Tang

Frank Tang

Frank Tang joined the SCMP in 2016 after a decade of China economy coverage and government policy analysis.