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China Sees Third Quarter as Key for Rollout of Stimulus Measures

  • Support policies are ‘crucially important’: NDRC official
  • PBOC deputy governor says country can keep yuan stable
Bloomberg business news
China's Central Bank Cuts Lenders’ Reserve Ratio to Support Tumbling Yuan

China said it will accelerate its stimulus rollout in the third quarter as it tries to recover from a second quarter marred by pandemic-related losses. 

It’s “crucially important” for the country to adopt supportive policies this quarter, Yang Yinkai, deputy secretary general at the National Development and Reform Commission, told reporters in Beijing on Monday. He was speaking alongside officials from the central bank and other government ministries.