You are here

China targets 'prudent' 12% growth in broad money supply for 2017 to cool credit expansion

BT_20170301_CPMONEY1_2767294.jpg
The People's Bank of China has adopted a modest tightening bias though it is treading cautiously to avoid hurting the economy.

Beijing

CHINA plans to target broad money supply growth of around 12 per cent in 2017, slightly lower than last year's goal, policy sources said, signalling a bid to contain debt risks while keeping growth on track.

Under its new "prudent and neutral" policy, the People's Bank of

sentifi.com

Market voices on:

Powered by GET.comGetCom