PBOC Gov Yi: will provide stronger support for the real economy

Ross J Burland FXStreet

The People's Bank of China's governor, Yi Gang, said the central bank will provide stronger support for the real economy.

''Will put emphasis on supporting infrastructure construction.''

Reuters reported that China’s financial markets are not immune to external shocks and the COVID situation also put more pressure on China's economy, governor of the People's Bank of China (PBOC) Yi Gang said on Friday in a video speech to the annual Boao Forum for Asia.

Yi said China will provide policy support for the real economy, and the country's money policy will focus on supporting small firms and sectors hit by the COVID-19 outbreaks.

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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