China's central bank to enhance implementation of monetary policies
Photo taken on Oct. 19, 2020 shows an exterior view of the People's Bank of China in Beijing, capital of China. (Xinhua/Peng Ziyang)
BEIJING, April 3 (Xinhua) -- China's central bank on Wednesday pledged efforts to enhance the implementation of a slew of monetary policies -- in order to effectively stimulate the economy.
The bank will appropriately increase the relending and rediscount quota for small enterprises and the agriculture sector, make good use of carbon reduction support tools, and establish a relending facility for sci-tech innovation and technical transformation, the People's Bank of China (PBOC) said in a statement released after the latest quarterly meeting of its monetary policy committee.
The PBOC also vowed to strengthen financial support for large-scale equipment upgrades and trade-in of consumer goods.
Noting that China's macro policies since the beginning of this year have created a suitable monetary and financial environment for the economy to recover, the meeting urged more efforts to enhance the implementation of the existing policies and flesh out the policy toolbox.
Efforts should focus on the development of sci-tech finance, green finance, inclusive finance, pension finance and digital finance, and be directed in a way that will promote the growth of new quality productive forces, according to the meeting.
Related articles
It's so hot in Mexico that howler monkeys are falling dead from the trees
MEXICO CITY (AP) — It’s so hot in Mexico that howler monkeys are falling dead from the trees.At leas2024-05-22Wrexham owners Ryan Reynolds and Rob McElhenney want to expand stadium capacity to 55,000
Ryan Reynolds and Rob McElhenney have given an insight into their long-term ambitions for Welsh socc2024-05-22- Here’s a quandary I think most of us share: you love the occasional treat, such as a biscuit, a brow2024-05-22
An Alabama Senate committee votes to reverse course, fund summer food program for low
MONTGOMERY, Ala. (AP) — An Alabama Senate committee on Tuesday voted to set aside money so that the2024-05-22Landmark Paris trial of Syrian officials accused of torturing, killing a father and his son starts
PARIS (AP) — The landmark trial of three former Syrian intelligence officials began Tuesday at a Par2024-05-22US says it will return to Chad for talks to keep troops in the country
ACCRA, Ghana (AP) — The U.S. military plans to return to Chad within a month for talks about revisin2024-05-22
atest comment