Yi Gang, governor of the People's Bank of China, delivered a keynote speech on Thursday about China's monetary policies, private companies' financing and the country's financial risks.
The central banker said Chinese economy is currently in an economic downturn and needs a relatively loose monetary condition, but it can't be too loose, otherwise "it will bring pressure to the foreign exchange rate and a balance needs to be found between internal factors and external factors."
Yi Gang said that the monetary policy needs to be adjusted flexibly based on changes in a country's economic situation . . .
To continue reading, please subscribe.
We highly value independence. Yuan Talks is solely funded by subscriptions from readers like you.
What you'll get:
- High-quality & in-depth reporting on the most important topics about China's economy and financial markets
- Daily Brief newsletter to give you a full picture of what's happening in China every weekday
- Exclusive interviews with China experts
- Conference calls and events
We are not content with general information that you can get everywhere. We go deeper to get details, data and perspectives you won't read elsewhere!
Already have an account? Sign In