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

SourceZawya
SectorEconomy
CountryMiddle east

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) ((samuel.shen@thomsonreuters.com; +86 21 20830018; Reuters Messaging: samuel.shen.thomsonreuters.com@reuters.net)) Most Read Stock Market DataDubai FM...read more...

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