China increases financial support for the economy

Chairman of the People’s Bank of China (PBOC) Yi Gangal stressed that China will continue to increase financial support for the real sector of the economy and take measures for high-quality socio-economic development.

The head of the People’s Bank of China told a financial forum in Beijing on Monday that the country has pursued a prudent and more independent monetary policy this year, and despite the price and inflation situation in world markets, the situation in China has improved. remained stable.

As for Chairman of the Banking and Insurance Regulatory Commission Guo Shuqing, he pointed to the need to increase financial support for the social sector, including hospitals, schools, kindergartens, cultural and sports institutions.

During the financial forum, a number of documents on cooperation in the implementation of projects were signed and the results of a series of studies were published, including a new index of financial development.

Attention is currently focused on China in light of concerns about a decline in economic activity due to coronavirus restrictions imposed by Chinese authorities as a result of the recent surge in corona virus infections.

Source: News

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