- Analytics
- News and Tools
- Market News
- PBOC Governor Yi: China's 5% growth target expected to be successfully achieved
PBOC Governor Yi: China's 5% growth target expected to be successfully achieved
Yi Gang, Governor of the People's Bank of China (PBOC), said in a statement on Wednesday, “China's economy continues to improve, 5% growth target is expected to be successfully achieved.”
Additional quotes
Shifting economic growth model is more important than pursuing high growth rate - securities times.
China's economic growth momentum improves recently, production and consumption recover steadily, employment and consumer prices stable.
Monetary policy will pay more attention to cross-cyclical and counter-cyclical adjustments in next stage.
Will always keep prudent monetary policy, support stable growth of real economy.
Will provide a good monetary and financial environment to stabilize price, promote economic growth and expand employment.
Spillover effect of property market adjustments on the financial system are generally manageable.
Will guide financial institutions to keep stable financing channels open through property credit, bonds.
Some provinces are making plans to resolve risks of small and mid-sized banks.
Supports LGFVs to become market-oriented firms which do not rely on govt credit, and are financially independent and sustainable.
The central bank will provide emerging liquidity support to areas with relatively high debt burdens when necessary.
Will strictly control new govt-invested projects in areas with high debt burdens.
Will resolutely guard against overshooting risks of Yuan exchange rate.
Related reads
-
AUD/USD moves downward after RBA dovish statement, trades lower around 0.6420
-
IMF raises China’s 2023 and 2024 growth forecasts
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
