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Economics

China Regulator Says Banks Will Go ‘All Out’ to Bolster Lending

CBIRC will use policy tools ‘flexibly’ to stabilize economy
Ex-finance official says China can widen deficit for stimulus

Lou Jiwei in 2016. — Lou Jiwei in 2016.Photographer: Andrew Harrer/Bloomberg

Bloomberg News

July 9, 2022, 4:52 AM UTCUpdated onJuly 9, 2022, 10:41 AM UTC

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An official at China’s banking and insurance regulator said authorities will use policy tools “flexibly and precisely” at proper times to stabilize the economy, while banks and insurers will “go all out” to bolster funding.