The People's Bank of China, the country's central bank, said it will continue efforts to deepen reform in the foreign exchange market, preempt unreasonable volatility in the Chinese currency, and ensure the renminbi exchange rate does not move in only one direction.
The Asian Development Bank said it expects to see a pickup in China's fiscal outlays and additional infrastructure investment in the second half of this year as the country is still recovering from the impact of COVID-19.
MIL-OSI China: Financial risk prevention in sharp focus foreignaffairs.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from foreignaffairs.co.nz Daily Mail and Mail on Sunday newspapers.
China’s monetary policy should seek to ensure reasonably sufficient liquidity, credit to businesses should be boosted, and new loans from policy banks and investment funds for infrastructure construction should be better leveraged, according to the meeting.