China's central bank maintains supportive monetary policy for economic growth amid steady financial data.

China's central bank, the People's Bank of China, will continue its supportive monetary policy to foster economic growth amid steady financial data. The M2 money supply rose 6.3% year-on-year to 305.05 trillion yuan, while new yuan loans increased by 14.43 trillion yuan in the first eight months. Despite this, credit demand remains weak, prompting the bank to consider further measures to stimulate the economy and reduce financing costs for businesses and households.

September 13, 2024
20 Articles