Will China cope with liquidity in 2023
2022.12.17 12:16
Will China cope with liquidity in 2023
Budrigannews.com – A vice governor of the People’s Bank of China (PBOC) was quoted by state media as saying on Saturday that China will better serve the needs of the real economy next year while maintaining reasonably ample liquidity in financial markets.
According to PBOC Deputy Governor Liu Guoqiang, monetary policy in 2023 will ensure sufficient liquidity and an accurate structure to aid key sectors.
State broadcaster CCTV quoted Liu as saying, “Funding cost will remain reasonably flexible, with little ups and downs.”
At a similar discussion, Bad habit Money Priest Xu Hongcai said China will likewise execute a proactive financial strategy one year from now, setting a sensible shortfall proportion and the size of neighborhood government unique securities.
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According to CCTV, Xu stated that China will “appropriately expand the areas where special government bond funds can be invested and used as capital.”
The remarks by senior officials came a day after the Central Economic Work Conference, an agenda-setting meeting at which Chinese leaders said they would concentrate on stabilizing the $17 trillion economy by 2023 and intensifying policy changes to ensure that targets are met.
