/ world today news/ China has the confidence, ability and conditions to achieve the expected economic growth goals, said Yi Gan, Governor of the People’s Bank of China, during a symposium in Shanghai.
In his words, “the central bank has kept the country’s prudent monetary policy more targeted and effective since the beginning of this year”, thereby supporting economic recovery and growth.
And Gan expressed expectations that the GDP growth rate in the second quarter will be relatively high, as well as that the consumer price index – the main measure of inflation – will rise gradually. To deal with possible negative effects, the governor said, the bank will continue to implement “precisely and effectively prudent monetary policy, while strengthening countercyclical adjustment, supporting the real economy, promoting employment and maintaining currency and financial stability.”
At the same time, Yi Gan said more efforts are needed to optimize financial services and strengthen financial support for weak units such as private small and micro enterprises, revitalization of rural areas, as well as industries that lead to employment stabilization, such as the the services.
Funding support in key areas such as science and technology enterprises and green development will also be strengthened, Yi Gan said, adding that the central bank will deepen financial market reform and opening up and further optimize cross-border yuan policies.
#National #Bank #Ukraine #expressed #confidence #country #achieve #goals #economic #growth
