China’s Central Bank plans to use political tools to support optimal liquidity volume

Almaty. July 5. Silkroadnews – China’s Central Bank plans to use various policy tools to support optimal liquidity level and reasonable growth in lending and public finance, Xinhua news agency reports.

The People’s Bank of China will continue to pursue prudent monetary policy to maintain approach which is neither too loose nor too rigid.

According to the statement issued after the Monetary Policy Committee’s meeting on the second quarter, the central bank shall improve the structure of financing and loans, increase the proportion of direct financing and reduce the cost of public funding.