PBoC says China's economy is recovering gradually, demand recovering fast

Author: Eamonn Sheridan | Category: Central Banks

A relatively upbeat, People's Bank of China, saying:

  • China's economy gradually recovering, will not experience high inflation or typical deflation 
  • China's overall demand is recovering fast from a low level 
  • expects output gap to narrow in H2, help stabilise prices
  • prudent monetary policy will be more flexible and appropriate

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