China's Central Bank Boosts Support for Trade and Consumption
China's central bank outlined plans to enhance support for consumption and foreign trade. The People's Bank of China aims to maintain liquidity, prevent forex risks, and consolidate property market stability. The report highlights a focus on increasing financial backing for these sectors.
- Country:
- China
China's central bank has announced intentions to bolster financial support for both consumption and foreign trade, as detailed in its first-quarter monetary policy report released on Friday.
The People's Bank of China plans to ensure ample liquidity and mitigate foreign exchange risks while working on sustaining the stability seen in the property market.
The report also indicates that guidance will soon be developed to provide further financial support for consumption, signaling a strategic shift to strengthen economic sectors.
(With inputs from agencies.)
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