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: AFPChina’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’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
Economy /  China Economy

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
Frank Tang
Frank Tang

Updated: 11:00pm, 16 Jan, 2020

Why you can trust SCMP
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: AFPChina’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’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
READ FULL ARTICLE