Press "Enter" to skip to content

CHECK THE WIRE 24/7 FOR REAL-TIME UPDATES

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

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 . . .

To continue reading, please subscribe. You will get:

 

  • ORIGINAL, DATA-DRIVEN & IN-DEPTH STORIES 
  • THE WIRE 24/7

  Real-time experience -  Up-to-the-minute updates of market-moving news and views.

  All-in-one platform - Information collected via a network of journalists, traders, brokers,       analysts, etc. and from multiple credible news outlets in mainland China.

  Details - General information is everywhere, but information with details is rare.

  • WEEKLY NEWSLETTER - A summary of the week's top news distilled into one email.

FREE TRIAL cancel anytime

 

Already have an account? Sign In

 

 

Top