Key facts
- China's central bank identifies a mismatch between strong supply and weak demand.
- The bank pledges to maintain an accommodative monetary policy.
- Financial support will be increased to boost domestic consumption.
- The bank aims to guide policy interest rates.
- Efforts will be made to encourage price rebounds.
- The bank will work to maintain a stable yuan.
China's central bank has stated that the nation's economy is experiencing a mismatch between robust supply and insufficient domestic demand. In response, the bank has pledged to maintain an accommodative monetary policy. This approach includes increasing financial support to bolster domestic consumption. The central bank also aims to guide policy interest rates and encourage a rebound in prices. Additionally, efforts will be made to ensure the stability of the yuan.