china central bank to keep appropriate liquidity stable yuan
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle

China central bank to keep appropriate liquidity, stable yuan

Themuslimchronicle, themuslimchronicle

Themuslimchronicle, themuslimchronicleChina central bank to keep appropriate liquidity, stable yuan

China central bank to keep appropriate liquidity, stable yuan
Beijing - Arab Today

China’s central bank said it would use various policy tools to maintain appropriate liquidity and reasonable growth in credit and social financing.
The People’s Bank of China said it would continue to implement a prudent monetary policy and keep its stance “neither too loose nor too tight.” The central bank said this in a statement after the second-quarter monetary policy committee meeting.
“We will improve and optimize the financing and credit structures, increase the proportion of direct financing and reduce social financing costs,” it said.
China’s economic performance remained generally stable, but “the complexity of the economic situation cannot be underestimated,” the central bank said.
It said major economies had become more divergent. Recovery in the US is modest, recovery in Europe has yet to be consolidated, the Japanese economy is sluggish and emerging economies face more difficulties.
The central bank also reaffirmed that it would keep the yuan basically stable while pushing forward reforms to improve its currency regime.
A flurry of data from China in coming weeks is expected to show continued weakness in trade and investment, sluggish industrial output and another drop in foreign reserves, reinforcing views that Beijing will roll out more economic support measures soon.
A flurry of data from China in coming weeks is expected to show continued weakness in trade and investment, sluggish industrial output and another drop in foreign reserves, reinforcing views that Beijing will roll out more economic support measures soon.
Weak factory surveys and heightened economic uncertainty following Britain’s vote to leave the European Union have added to views that authorities will ramp up fiscal stimulus and ease monetary policy by cutting interest rates and banks’ reserve requirements in coming months.
Reuters reported on Thursday that the People’s Bank of China (PBOC) also would tolerate a fall in the yuan to as low as 6.8 per dollar in 2016 to support the economy, if it did not trigger a backlash from major trading partners.
Economists polled by Reuters expected June exports fell 4.1 percent, the same rate as in May, while imports likely dropped 5 percent, renewing their decline after only a marginal drop in May raised hopes that domestic demand was reviving.

China’s trade surplus is forecast to hit $46.6 billion in June, from around $50 billion in May.
The consumer inflation rate may have dipped slightly to 1.8 percent in June, which would be a five-month low, while producer deflation may show further signs of moderating, easing strains on companies’ profit margins.
Factory-gate prices are expected to have declined 2.5 percent, which would be the slowest decline since October 2014.

Source: Arab News

themuslimchronicle
themuslimchronicle

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

china central bank to keep appropriate liquidity stable yuan china central bank to keep appropriate liquidity stable yuan

 



Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle

GMT 08:32 2011 Monday ,25 July

Sabri accuses Yusri in Souad Hosni’s murder

GMT 12:07 2014 Monday ,03 February

Home design ideas

GMT 11:20 2017 Thursday ,02 March

Mexico central bank cuts growth outlook over Trump

GMT 08:31 2017 Tuesday ,28 November

Bangladesh upholds death sentence for 139 soldiers

GMT 14:33 2017 Thursday ,20 April

US defense secretary vows support for Egypt's Sisi

GMT 16:12 2017 Wednesday ,20 December

Myanmar bars UN rights investigator just before visit

GMT 08:21 2017 Wednesday ,30 August

United Technologies near deal to buy Rockwell Collins

GMT 18:27 2017 Friday ,21 April

ARCO condemns targeting of ERC convoy in Somalia
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
 
 Themuslimchronicle Facebook,themuslimchronicle facebook  Themuslimchronicle Twitter,themuslimchronicle twitter Themuslimchronicle Rss,themuslimchronicle rss  Themuslimchronicle Youtube,themuslimchronicle youtube  Themuslimchronicle Youtube,themuslimchronicle youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

muslimchronicle muslimchronicle muslimchronicle muslimchronicle
themuslimchronicle themuslimchronicle themuslimchronicle
themuslimchronicle
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
themuslimchronicle, themuslimchronicle, themuslimchronicle