PBOC governor Yi Gang comments via Xinhua News Agency
- Will improve monetary policy transmission mechanism
- To step up support of the real economy
- Will provide long-term capital to smaller firms via targeted RRR cuts
- China is to ensure healthy stock market development
- Will stick to structural deleveraging
Gotta wonder about the timeliness of these comments after China's car sales fell on an annual basis last year for the first time in more than two decades. In essence, Chinese authorities want markets to be made sure that they'd be ready to step in and support the economy if need be.
