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MNI BRIEF: PBOC To Speed Up Credit Expansion-Pan Gongsheng

MNI (Singapore)
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The People’s Bank of China will accelerate credit expansion and keep liquidity ample to shore up the economy, while striking a balance between policy stimulus and sustainable growth, stable employment and inflation, and financial risk prevention, said Pan Gongsheng, deputy governor of the central bank, at a briefing on Thursday.

The PBOC will front load its accommodative measures and strengthen efforts at a proper pace to boost the economy and help roubled market entities, Pan said, pointing out certain sectors and groups, including small and medium-sized companies, have suffered shocks from the pandemic since April, and urgently need policy support.

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The People’s Bank of China will accelerate credit expansion and keep liquidity ample to shore up the economy, while striking a balance between policy stimulus and sustainable growth, stable employment and inflation, and financial risk prevention, said Pan Gongsheng, deputy governor of the central bank, at a briefing on Thursday.

The PBOC will front load its accommodative measures and strengthen efforts at a proper pace to boost the economy and help roubled market entities, Pan said, pointing out certain sectors and groups, including small and medium-sized companies, have suffered shocks from the pandemic since April, and urgently need policy support.

Keep reading...Show less