Chinese regulators should step up support for the economy and keep ample liquidity in the financial system, urged Vice Premier Liu He, suggesting Beijing would soon unveil more policies to bolster growth after recent downbeat economic data.
Beijing has plenty of policy tools and is capable of dealing with various challenges, said Liu, who is also the lead negotiator in the China-US trade talks, at the Lujiazui financial forum in Shanghai on Thursday.
His comments came after recent data showed China’s credit growth was weaker than expected in May, factory activity contracted and imports fell the most in . . .
To continue reading, please subscribe.
We highly value independence. Yuan Talks is solely funded by subscriptions from thousands of intelligent readers like you. Don't miss out!
What you'll get:
- Original and in-depth reporting on China's economy and financial markets with details, data and perspectives you don't read elsewhere!
- Daily Brief newsletter delivered before market open every weekday wrapping up the most important China-related information.
- Weekly Market Wrap-up on Chinese equities, bonds, the yuan and commodities!
- Interviews with China experts. We find you insights you should never miss!
Not ready for the full service? Subscribe to our Free Weekly Newsletter first.
Already have an account? Sign In