China’s central bankers on Sunday allowed some public and direct insight into their thinking. A top official of the People’s Bank of China delivered remarks to those who had been attending a joint meeting of the International Monetary Fund and World Bank in Tokyo.

The deputy governor of the People’s Bank of China, Yi Gang, says the priority for monetary authorities in Beijing is on stable prices and they want to pursue a sustainable path of economic development.

See the article here:

China Central Bank Says Priority is Keeping Prices Stable

About the author

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sign Up for Our Newsletter

Get notified of our weekly selection of news

You May Also Like

Chinese investors eye Thai property as travel resume between the two countries

According to data from Thailand’s Real Estate Information Centre, Chinese buyers have been the largest group of foreign buyers of condominium units in Thailand since 2018, accounting for almost half of the units sold to foreigners.

Bank of Thailand to loosen yuan usage restrictions

This move is aimed at helping Thai exporters and importers reduce the impact of currency volatility and promote the use of local currencies in bilateral trade.

Economic slowdown may prompt reluctant reform in China

Xi took China’s achievement of long-term economic growth to mean that market reform was no longer necessary and began to prioritise political control over economic efficiency