China’s financial regulators have the capability, confidence and conditions to maintain basic stability of the yuan’s exchange rate, the People’s Bank of China (PBC) said on Monday, pledging more efforts to correct pro-cyclical and one-sided behavior to curb speculation and other risks.
Post-pandemic economic recovery on track in China, boosted by government s stimulus package globalsecurity.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globalsecurity.org Daily Mail and Mail on Sunday newspapers.
Foreign capital, which has contributed enormously to the growth of the world’s second-largest economy and made remarkable returns over the past decades, has voiced its firm and clear strategy to root for the economy amid noises stirred up by some Western politicians and media outlets against China’s economic recovery.
China cuts key prime loan rate to bolster economy; GDP forecast to grow 6% in H2 globalsecurity.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globalsecurity.org Daily Mail and Mail on Sunday newspapers.