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
-
- THE WIRE - An Unrivalled Real-Time Platform providing up-to-the-minute updates of market-moving news and views utilising a network of journalists, traders, brokers, analysts, etc. We walk you through every trading day in China with marking-moving information you must know. Here are some screenshots of the wire updates.
- IN-DEPTH & DATA-DRIVEN reporting on major events about China's economy, policy and financial markets.
- DETAILS - We bring you important details that you won't find elsewhere.
- WEEKLY NEWSLETTER with Editors' Picks
Already have an account? Sign In