China’s economy set to receive ‘necessary support’ for coronavirus recovery this year, central bank says

China’s central bank on Friday played down the urgency of an immediate change in key interest rates and vowed to maintain necessary monetary support for economic recovery from the pandemic, amid growing expectations it will gradually tighten credit con…

China’s central bank on Friday played down the urgency of an immediate change in key interest rates and vowed to maintain necessary monetary support for economic recovery from the pandemic, amid growing expectations it will gradually tighten credit conditions this year.Officials at the People’s Bank of China (PBOC) were also calm about the rapid appreciation in the yuan’s exchange rate and recent fluctuations, although they said a strong Chinese currency was unfavourable for exports and could…

This post was originally published on South China Morning Post.


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Orange Wang | radiofree.asia (2021-06-17T04:52:49+00:00) » China’s economy set to receive ‘necessary support’ for coronavirus recovery this year, central bank says. Retrieved from https://radiofree.asia/2021/01/15/chinas-economy-set-to-receive-necessary-support-for-coronavirus-recovery-this-year-central-bank-says/.
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" » China’s economy set to receive ‘necessary support’ for coronavirus recovery this year, central bank says." Orange Wang | radiofree.asia - Friday January 15, 2021, https://radiofree.asia/2021/01/15/chinas-economy-set-to-receive-necessary-support-for-coronavirus-recovery-this-year-central-bank-says/
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Orange Wang | radiofree.asia Friday January 15, 2021 » China’s economy set to receive ‘necessary support’ for coronavirus recovery this year, central bank says., viewed 2021-06-17T04:52:49+00:00,<https://radiofree.asia/2021/01/15/chinas-economy-set-to-receive-necessary-support-for-coronavirus-recovery-this-year-central-bank-says/>
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Orange Wang | radiofree.asia - » China’s economy set to receive ‘necessary support’ for coronavirus recovery this year, central bank says. [Internet]. [Accessed 2021-06-17T04:52:49+00:00]. Available from: https://radiofree.asia/2021/01/15/chinas-economy-set-to-receive-necessary-support-for-coronavirus-recovery-this-year-central-bank-says/
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" » China’s economy set to receive ‘necessary support’ for coronavirus recovery this year, central bank says." Orange Wang | radiofree.asia - Accessed 2021-06-17T04:52:49+00:00. https://radiofree.asia/2021/01/15/chinas-economy-set-to-receive-necessary-support-for-coronavirus-recovery-this-year-central-bank-says/
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" » China’s economy set to receive ‘necessary support’ for coronavirus recovery this year, central bank says." Orange Wang | radiofree.asia [Online]. Available: https://radiofree.asia/2021/01/15/chinas-economy-set-to-receive-necessary-support-for-coronavirus-recovery-this-year-central-bank-says/. [Accessed: 2021-06-17T04:52:49+00:00]
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» China’s economy set to receive ‘necessary support’ for coronavirus recovery this year, central bank says | Orange Wang | radiofree.asia | https://radiofree.asia/2021/01/15/chinas-economy-set-to-receive-necessary-support-for-coronavirus-recovery-this-year-central-bank-says/ | 2021-06-17T04:52:49+00:00
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