Bank of China to support country’s economic recovery
The economy of the region is hit by different circumstances, so the Bank of China is expected to make its contributions to overcome this situation
The People’s Bank of China (PBC) assured that it will continue to maintain a monetary stance that supports the recovery of the economy, after the impact of the Covid-19 pandemic and the successive restrictions imposed to contain infections, as well as the impact of external turbulence.
“This year, we face some downward growth pressures from the pandemic and external shocks, and monetary policy will remain accommodative to support economic recovery in the aggregate,” Chinese central bank Governor Yi Gang said in a statement. an interview.
In this regard, the Chinese central banker stressed that the institution’s priorities include maintaining price stability and maximizing employment, while also pointing out the importance of structural policies, such as support for small and medium-sized companies and the green transition .
In this regard, the governor defended that China’s monetary policy “is accommodative to support the real economy”, recalling that it provides ample liquidity and support to small and medium-sized companies in order to maximize employment.
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Source: dpa
