PBOC to prioritise economic stability, China’s financial risks controllable – PBOC governor Yi Gang
PBOC to prioritise economic stability, China’s financial risks controllable – PBOC governor Yi Gang

PBOC to prioritise economic stability, China’s financial risks controllable – PBOC governor Yi Gang

 

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Chinese central bank will prioritise economic stability and continue to lower borrowing costs for companies, said Yi Gang, Governor of the People's Bank of China (PBOC), in an interview with the official Xinhua News Agency published on Tuesday.

To achieve stability, the PBOC will maintain steady growth in credit supply and keep the growth of money supply and total social financing basically match the nominal GDP growth, said Yi.

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