男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Finance

No major stimulus in the pipeline

By Wang Yanfei | China Daily | Updated: 2019-01-16 09:05
Share
Share - WeChat
A bank employee counts cash in Taiyuan, capital of Shanxi province. [Photo by Zhang Yun/China News Service]

Govt will make dynamic assessment of monetary policy, says senior official

China plans to roll out more measures to stabilize growth amid downward pressure but will not resort to a massive stimulus package, according to senior officials with the nation's top financial regulators.

Zhu Hexin, deputy governor of the People's Bank of China, the central bank, said the government will make a dynamic assessment of the current monetary policy, while making good use of existing tools to channel funds to the non-financial sector.

"Maintaining a prudent monetary policy does not mean there will be no changes. We will make the policy more forward-looking, flexible and targeted in response to changes," he said, fending off the likelihood of adopting stimulus measures in response to concerns about whether the central bank intends to cut the benchmark interest rates.

The PBOC has cut the amount of money banks have to hold as reserves five times in a year, but has yet to cut the benchmark interest rates. The benchmark interest rate in China was last recorded at 4.35 percent. It was last cut by 25 basis points in October 2015.

While keeping the benchmark rate unchanged, the bank has introduced new tools to pump money into the economy, such as the medium-term lending facility.

China has injected 16.17 trillion yuan ($2.39 trillion) in new yuan loans in the past year to stabilize growth. There is room to improve the monetary transmission mechanism to spur lending to smaller firms, Zhu said.

Some large commercial banks have lowered rates in particular to support funding for small and medium-sized enterprises. Rates for SME borrowers have been reduced from around 7 percent in the first half in 2018 to 5.8 percent at the year end, according to a manager with China Construction Bank.

In the meantime, other supportive measures to bolster growth are expected to come out soon, including efforts to streamline procedures for bond issuance and tax cut measures.

The Ministry of Finance will make more efforts to promote fiscal policy on cutting taxes and fees, according to Xu Hongcai, assistant minister of finance. Local government special bond issuance is expected to finish by the end of September, he said.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 陆丰市| 梁平县| 南丰县| 靖江市| 阿鲁科尔沁旗| 巴彦县| 普宁市| 灵武市| 天祝| 仪征市| 来凤县| 乡城县| 塔城市| 车险| 洮南市| 宜章县| 龙门县| 儋州市| 西昌市| 通许县| 莒南县| 江油市| 遂溪县| 株洲市| 定陶县| 漯河市| 浮山县| 三都| 布尔津县| 建瓯市| 苍梧县| 永修县| 大埔区| 普定县| 上饶市| 高尔夫| 许昌市| 乌鲁木齐县| 乐至县| 龙口市| 福泉市|