Economy faces risks from global pandemic, efforts against domestic resurgence: China central bank – ZAWYA

Economy faces risks from global pandemic, efforts against domestic resurgence: China central bank – ZAWYA

China central bank People's Bank of China (PBOC) said in a statement it would continue to guide lending rates lower by exploiting the full potential of reforms

SHANGHAI- China's central bank said on Sunday that the country's economic growth faces challenges from the global coronavirus pandemic, despite signs of improvement amid business re-openings.The People's Bank of China (PBOC) said in a statement it would continue to guide lending rates lower by exploiting the full potential of reforms, and would strengthen financial support to small- and medium-sized enterprises and private firms.The PBOC made the statement after its monetary policy committee held a seasonal meeting on June 24, it said.(Reporting by Samuel Shen and Emily Chow; Editing by Alex Richardson) (([email protected]; +86 21 20830018; Reuters Messaging: [email protected])) Most Read Stock Market DataDubai FM 2,085.04155,362,746(-0.07% )Abu Dhabi SE 4,304.55416,199,490(0.44% )Saudi SE 7,292.01199,486,870(0.83% )Egypt SE 10,851.84114,870,287(-0.35% )Most Active Stocks MoreOur Privacy Statement & Cookie PolicyThis website uses cookies to improve your online experience. They were placed on your computer when you launched this website. You can change your cookie settings through your browser.Privacy StatementCookie Policy