China PBOC Says It Will Avoid Flooding Economy With Stimulus
- Structural monetary tools for property under study: official
- Beijing says it will be vigilant against inflation risks
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China will avoid unleashing massive monetary stimulus into the economy this year as it seeks to strike a balance between boosting growth, creating jobs and maintaining price stability, a central bank deputy governor said Friday.
“We will ensure overall social demand gets powerful support. Meanwhile, the magnitude will be reasonable and appropriate and we will avoid flooding the economy with liquidity,” said Deputy Governor Xuan Changneng at a press conference. He repeated the People’s Bank of China’s long-standing stance that cash supply will stay “reasonably sufficient.”