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 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
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 economy

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

Topic |   China economy
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 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
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
READ FULL ARTICLE