China economic news

CNC
Added On October 21, 2019

China's central bank says the country will continue to pursue a prudent monetary policy.

Yi Gang, governor of the People's Bank of China, made the remarks at annual IMF and World Bank meetings in Washington on Saturday.
 
In order to lower bank funding costs, China's central bank has cut its reserve requirement ratio three times since the start of the year. It has also advanced market-based interest rate reforms.
 
Yi said the central bank will further improve its monetary policy transmission mechanism to reduce firms' funding costs and promote high-quality economic growth.
 
China has maintained stable growth this year. Major economic indicators have stayed within an appropriate range despite significant external headwinds created by trade protectionism in some major economies.
 
A new report by China's National Bureau of Statistics (NBS) shows China's economy grew 6.2-percent year on year in the first three quarters of 2019, well within the government's annual target range of 6 to 6.5 percent.
 
The Chinese economy has maintained overall stability as it faces downward pressure amid slower global economic growth and increased external uncertainties.
 
Foreign trade rose 2.8 percent year on year during the January-September period, with exports expanding 5.2 percent and imports dipping 0.1 percent.
 
Foreign trade continued to grow during the first nine months of the year as trade structures improved despite a sluggish global economy.China's central bank says the country will continue to pursue a prudent monetary policy.
 
Yi Gang, governor of the People's Bank of China, made the remarks at annual IMF and World Bank meetings in Washington on Saturday.
 
In order to lower bank funding costs, China's central bank has cut its reserve requirement ratio three times since the start of the year. It has also advanced market-based interest rate reforms.
 
Yi said the central bank will further improve its monetary policy transmission mechanism to reduce firms' funding costs and promote high-quality economic growth.
 
China has maintained stable growth this year. Major economic indicators have stayed within an appropriate range despite significant external headwinds created by trade protectionism in some major economies.
 
A new report by China's National Bureau of Statistics (NBS) shows China's economy grew 6.2-percent year on year in the first three quarters of 2019, well within the government's annual target range of 6 to 6.5 percent.
 
The Chinese economy has maintained overall stability as it faces downward pressure amid slower global economic growth and increased external uncertainties.
 
Foreign trade rose 2.8 percent year on year during the January-September period, with exports expanding 5.2 percent and imports dipping 0.1 percent.
 
Foreign trade continued to grow during the first nine months of the year as trade structures improved despite a sluggish global economy.