PBOC: To keep monetary policy more flexible, appropriate

Author: Justin Low | Category: Central Banks

In other words, stimulus measures will continue for as long as they are needed

Chinese equities ended the day lower but the losses were modest compared to the rout elsewhere around Asia and what we're seeing in Europe so far today.

In battling this virus, expect China to maintain a 'whatever it takes' approach. If they come out triumphant, it is something that Xi will be able to add to his legacy in the big picture.
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