China to ensure ‘appropriate money growth’ after credit, economic slowdown

Source: China – South China Morning PostChina’s central bank chief vowed to stabilise the supply of credit and boost the amount of money supporting smaller businesses and the real economy, after both credit and economic growth slowed in July.The People’s Bank of China (PBOC) will keep monetary policy stable with a good cross-cyclical design and will support high-quality economic expansion with “appropriate money growth,” according to a statement late on Monday after a meeting with banks.The meeting analysed monetary and credit…Read More

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