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The People's Bank of China has kept money supply reasonable and liquidity sufficient, with CPI rising moderately, PBOC Governor Yi Gang said Wednesday during the opening ceremony of the Financial Street Forum, according to a statement on the PBOC website.
The growth rate of money supply and aggregate financing basically matches that of nominal GDP, said Yi. The central bank also gives full play to the guiding role of monetary and credit policy tools, supporting private and small companies, as well as promoting green and low-carbon development, Yi continued.
China's economic resilience will continue to strengthen as it has a large scale, accelerated technological innovation as well as the advantages of a socialist market economy, said Yi, adding that the country can accomplish its annual economic targets.