PBOC’s Wang: China should normalize economic growth at the earliest
|An adviser to the monetary policy committee of the People's Bank of China (PBOC), Wang Yiming, said on Thursday that China should aim to bring economic growth back to normal as soon as possible.
Additional quotes
“With the recovery of consumption particularly important amid weakening external demand which could slow exports and manufacturing investment growth next year.”
“It is necessary to release the spending potential of 460 million families, as it will be difficult to maintain the supply-demand balance if consumption is not supported as exports fall.”
“Next year's monetary policy should continue to be prudent, tilted to loosening, and maintain reasonable and ample liquidity.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.