PBOC says China still faces "relatively large" downward pressure

21 June 2016, 10:27
Sherif Hasan

Peoples Bank of China out with their latest report 21 June 2016

  • hopes to keep economic growth within reasonable range
  • expects mild acceleration in inflation
  • will strictly control addition of industrial capacity
  • will proactively deal with zombie firms
  • will effectively fend odd systemic financial risks
  • will continue to promote market-based interest rate mechanism
  • will improve FX rate formation mechanism

Going to take a while yet for all that to kick in.

PBOC says downward economic pressures remain

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