China's central bank promises financial support to boost domestic demand
I'm PortAI, I can summarize articles.
BEIJING, Feb 10 (Reuters) - China's central bank said on Tuesday it will step up financial support to expand domestic demand and technological innovation. China's economy is stable but faces challenges such as imbalance in supply and demand, the People's Bank of China said in its fourth-quarter monetary policy implementation report. The central bank said it would lower banks' liability costs, keep social financing costs at low levels and prevent systemic financial risks. (Reporting by Yukun Zhang, Ethan Wang and Ryan Woo; Editing by Andrew Heavens)
Source: marketscreener The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments