China central bank vows to increase counter-cyclical adjustment

Source: Xinhua | 2020-05-10

China's central bank said Sunday that it will step up counter-cyclical adjustment to support the real economy and fend off risks.

Restoring development of the real economy will be put at a more prominent position, the People's Bank of China said in its first-quarter monetary policy report, adding it will use both quantitative and structural policies to keep liquidity at a reasonable and ample level, and support the real economy, especially small businesses, through the hard times.