Chinese central bank’s 15th five-year plan
China’s central bank, the People’s Bank of China (PBOC), released its first stand-alone five-year plan in at least a decade on Monday, focusing on measures to build the country into a financial powerhouse. These are its key points: 1. Optimise monetary policy architecture Refine market-driven interest rate and exchange rate mechanisms Keep the yuan exchange rate basically stable Proactively mitigate financial risks in key sectors 2. Boost financial support for the real economy Target...
Read the full story at Business - South China Morning Post →