China's central bank, PBOC, commits to strengthen pro-growth policies and address short-term economic challenges.

China's central bank, the People's Bank of China (PBOC), pledges to enhance its existing pro-growth policies and focus on short-term economic challenges, such as insufficient demand and weak social expectations. The PBOC will pay more attention to counter-cyclical adjustments, increase support for banks to replenish capital, and guide financial institutions to increase medium- and long-term loans to the manufacturing industry.

April 03, 2024
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