China should allow macro leverage ratio to temporarily rise, GDP to grow faster in Q3: PBOC official

>>REAL-TIME UPDATES IN THE WIRE. CLICK HERE<<<

China's credit growth so far this year has been within a reasonable range and the country's GDP is expected to grow at a faster pace in the third quarter, said Ran Jianhong, head of the statistics department of the People's Bank of China (PBOC) at a news briefing on Wednesday.

"We are currently facing special situations, so increases in macro leverage ratio reflects the government's support for the economic recovery," said Ruan. "Authorities should allow macro leverage ratio to temporarily increase, in a move to step up credit support to the real economy . . .

Sign In or Subscribe To Get Full Access.

Everything you need about China markets is on THE WIRE - one timeline with up-to-the-minute updates throughout every trading day.

Follow China Market In The Most Efficient Way!

TRY US FOR FREE

We offer limited-time welcome discount to let more people experience the value of our exceptional services. Don't Miss Out - Grab it!