China’s central bank has acknowledged positive developments in the economy and growing confidence, while also highlighting ongoing challenges such as weak domestic demand and deflationary pressures. Following its quarterly monetary policy committee meeting, the People’s Bank of China emphasized a flexible policy approach, factoring in both internal and external economic conditions. It reiterated its commitment to maintaining a “moderately loose” monetary policy to support stable economic growth and keep prices within a reasonable range.
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China’s Central Bank Says Economy Is on Positive Track But Challenges Persist
China’s economy is showing positive signs and confidence is building, but challenges such as insufficient domestic demand and deflationary pressure persist, according to the country’s central bank.
The People’s Bank of China, in a statement after its quarterly monetary policy committee meeting, said it will adopt a flexible approach to policymaking, taking into account both domestic and international conditions. Monetary policy will remain “moderately loose,” with the aim of maintaining stable economic growth and prices within a reasonable range, it said.