The People’s Bank of China said on Thursday that it will keep liquidity at a reasonable and stable level and will continue to implement a prudent and neutral monetary policy, according to Xinhua News.
Key points (Source: Xinhua News)
Domestic demand is increasingly driving growth
Economy’s dependency on foreign trade has dropped significantly
The economy has a stronger ability to counter external shocks
China maintains sound economic fundamentals, with resilient growth and balanced supply and demand
Will continue to deepen reform of the financial system
Will improve the “two-pillar” policy framework that includes monetary policy and macro-prudential policy
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