Free Trial

China Should Increase Growth Stimulus: PBOC Official

CHINA PRESS
MNI (Singapore)

China should take more vigorous macro policies to hedge the impact of the Covid-19 epidemic and keep economic growth in Q2 above 5% to ensure the 5.5% growth target for this year can be achieved, Cls.cn reported citing Wang Yiming, member of the People’s Bank of China’s Monetary Policy Committee. Authorities should quickly control the epidemic by early May, Wang said. The priorities are to actively expand domestic demand, boost consumption, as well as safeguard the supply chain to stabilize market expectations, Wang was cited as saying.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.