PBoC vows to provide more support for faltering economy

People’s Bank of China

China’s central bank vowed to boost lending support for businesses and keep liquidity “reasonably ample”, signalling its resolve to keep policy accommodative.

The world second-largest economy grew 0.4% in the second quarter, narrowly escaping contraction. Manufacturing activity unexpectedly contracted in July. Chinese leaders reportedly told government officials that the goal of achieving 5.5% GDP growth this year is a guidance, rather than a hard target, according to Bloomberg.

The People’s

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: