Chen Yulu, vice-governor of the PBOC, said the central bank will not make a sharp U-turn on its policy stance this year. Photo: Handout
China’s economy set to receive ‘necessary support’ for coronavirus recovery this year, central bank says
- The People’s Bank of China says there will be no major U-turn on its policy stance this year
- Officials say no immediate need to adjust benchmark interest rates or cut the reserve requirement ratio
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Chen Yulu, vice-governor of the PBOC, said the central bank will not make a sharp U-turn on its policy stance this year. Photo: Handout