- China economy still faces many risks and challenges
- To further improve monetary policy framework, maintain policy continuity and stability
- To resolutely defend the bottom line of preventing systemic financial risks
- Will adjust intensity and pace of policy implementation according to the situation
- Will maintain ample liquidity
- To push for prices to remain at a reasonable level
- To continue to strengthen implementation and supervision of interest rate policies
- Will stabilise market expectations, resolutely deal with disruptions to the market order
A lot of token remarks as Beijing continues to reaffirm their support for the economy. The key wording is in the headline still as they continue to seek a more “moderately loose” monetary policy for now. Again, the challenge for China is having to revive domestic demand conditions while balancing that with deleveraging and also dealing with deflation risks.
This article was written by Justin Low at investinglive.com.
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