Economy

China’s central bank governor said policy measures will be intensified to boost the economy

China’s central bank governor said policy measures will be intensified to boost the economy

BEIJING (Reuters) – China’s central bank will strengthen the implementation of prudent monetary policy and provide stronger support to the real economy, said central bank governor Yi Gang, in a statement released by the People’s Bank of China on Friday.

Yi said at the G20 meeting that the People’s Bank of China will focus on supporting infrastructure construction and accelerating the use of loans for home delivery. He also said that the central bank will support financial institutions in issuing loans to upgrade equipment for key sectors, including the manufacturing sector.

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