China pulls out all the stops to engineer growth
PBOC will step up disposal of bad assets and guide banks to boost lending
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Beijing
CHINA is stepping up support for the economy by ramping up spending and considering new measures to boost bank lending. For a start, the central bank issued a slew of measures on Tuesday to increase financial support to its struggling industrial sector, in the latest efforts to counter a prolonged economic slowdown.
The People's Bank of China (PBOC) will guide banks to boost lending to support industrial upgrading and maintain adequate liquidity for industrial structural adjustment, it said in a document jointly issued with seven other top ministries and regulators.
Share with us your feedback on BT's products and services
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
