WORLD

CHINA TO MAINTAIN ACCOMMODATIVE MONETARY POLICY: CENTRAL BANK GOVERNOR

19/06/2024 04:20 PM

SHANGHAI, June 19 (Bernama-Xinhua) -- China will maintain an accommodative monetary policy and enhance counter-cyclical and inter-temporal adjustments, central bank governor Pan Gongsheng said Wednesday, as reported by Xinhua.

This strategy will help facilitate economic recovery and create a favourable monetary and financial environment for economic and social development, he said at the 15th Lujiazui Forum.

Despite ongoing recovery, the Chinese economy faces several challenges, including insufficient effective demand, disruptions in domestic economic circulation, and a significantly increased complexity, severity, and uncertainty in the external environment, he added.

--BERNAMA-XINHUA


BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; www.bernama.com; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies.

Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter : @bernama.com, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial

© 2024 BERNAMA   • Disclaimer   • Privacy Policy   • Security Policy