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’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

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’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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