Economics

China’s Central Bank Vows Greater Support for Real Economy

  • PBOC said there’ll be more ‘proactive’ use of policy tools
  • Policy makers reiterate credit growth will be kept stable

People's Liberation Army soldiers stand in front of the People's Bank of China in Beijing, China.

Photographer: Andrea Verdelli/Bloomberg
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China’s central bank pledged greater support for the real economy, and said it will make monetary policy more forward-looking and targeted.