CHINA China central bank vows to increase counter-cyclical adjustment

CHINA

China central bank vows to increase counter-cyclical adjustment

Xinhua

10:28, May 10, 2020

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BEIJING, May 10 (Xinhua) -- China's central bank said Sunday that it will step up counter-cyclical adjustment to support the real economy and fend off risks.

Restoring development of the real economy will be put at a more prominent position, the People's Bank of China said in its first-quarter monetary policy report, adding it will use both quantitative and structural policies to keep liquidity at a reasonable and ample level, and support the real economy, especially small businesses, through the hard times.



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