China plans to step up economic adjustments to counter its slowing economy while...
FILE PHOTO - A cargo ship is seen next to containers at a river port during sunset in Huaian, Jiangsu province, China September 14, 2019. REUTERS/Stringer
BEIJING/SHANGHAI - China plans to step up economic adjustments to counter its slowing economy while providing adequate liquidity in the economy, the central bank said on Sunday. The United States and China have been locked in an escalating trade war for more than a year, which has hit China’s already slowing economic growth.China will “continue to implement a prudent monetary policy and increase the strength of counter-cyclical measures”, the statement said.
It also said that China will improve channels for banking sector liquidity to flow into the real economy and will support capital raising measures by smaller banks, which have been hit by shrinking margins and increasing levels of soured debt.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China aims to join U.S.-spurned arms treaty as soon as possibleChina wants to join as soon as possible an international arms treaty that the Un...
Read more »
Hong Kong protesters set busy schedule ahead of China National DayHong Kong pro-democracy protesters have set themselves a busy schedule for Satur...
Read more »
China restores ties with Kiribati, site of space tracking stationChina and the Pacific island state of Kiribati restored diplomatic ties on Frida...
Read more »
Malaysia PM says can't provoke Beijing on South China Sea, Uighur issueMalaysia does not want to take a confrontational stance toward China over the di...
Read more »
Xi's historic power grab has cost China a great deal of stabilityGiven China's increasingly centralized and personalized leadership, Xi may be at the same time the world's most influential leader and one of its most vulnerable, writes Frederick Kempe of the Atlantic Council.
Read more »
China Could Teach Jerome Powell A Thing Or TwoChina's central bank governor Yi Gang said his team would not resort to “flood-like” stimulus to support growth, and then almost took a swipe at the Fed as well as monetary officials from Frankfurt to Tokyo.
Read more »