China: Central bank vows cautious financial strategy
(MENAFN) According to the central bank, on Saturday, July 31, China will continue to preserve steady macro strategies, abstaining from "flood-like" incentive measures and implementing a cautious financial strategy that concentrates on holding the real economy.
In a report issued after a Friday gathering on work for the second six months of 2021, the People's Bank of China (PBOC) vowed to keep a cautious financial strategy that is also supple, aimed and reasonably reasonable, and increase efforts to enhance the green finance system.
The PBOC stated that it will also encourage monetary opening-up, intensify financial reforms in main areas, and carefully conduct the pilot research and improvement of the digital RMB.
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