PBOC’s Wang: China should normalize economic growth at the earliest

Dhwani Mehta FXStreet

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.”

USD/CNH pares weekly gains near 7.1400 amid mixed concerns over Covid, China GDP

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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