PBoC focusing on grain and energy to stem inflation
Price stability in grain production and energy supply key to growth, says governor
Governor Yi Gang of the People’s Bank of China has outlined the central bank’s policy approaches in a time of high inflation, global interest rate hikes and increasing threats to economic stability.
The Chinese economy grew by 4.8% year on year in the first quarter of 2022, Yi said – a “slight” improvement from Q4 2021, but nonetheless lower than China’s target of around 5.5%.
Following the 23 policies announced by the central bank to help the Chinese economy earlier this week, “our
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