this year, a上海夜网品茶微信nd the central government will take a series of significant measures to promote high-quality economic development, Liu said.
Huang said China should be cautious about the impact of the slowing global growth and also hold some measures in reserve.
“If we use up all the ammunition, what are we going to do in a coup
le of years if the global economy suffers greater downturns, as some expect?” he asked.
Yi Gang, governor of the People’s Bank of China, the central bank, said
on Friday that interest rates and reserve requirement ratios still have “plenty of ro
om” for adjustment, but the monetary policy will remain “prudent” and should be “sober-minded”.
A flexible RMB is good for the Chinese and global economy, and the PBOC is not interv
ening in the foreign exchange rate market, Yi said. “I hope this situation will continue.”