China's central bank plans to enhance monetary policy and risk prevention mechanisms amid economic concerns.

China's central bank, PBOC, plans to accelerate improvements to its central bank system, focusing on monetary policy and macro-prudential policy to maintain economic stability. The country will shift from quantitative targets to price-based tools, enhance policy communication, and improve risk prevention mechanisms. This comes as recent Chinese home price and steel industry data show signs of caution.

August 15, 2024
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