Reiterating his stance on prudent monetary policy, Sun Guofeng, head of the monetary policy department of the People’s Bank of China (PBOC), has said that the policy is expected to be flexible, specific, reasonable and appropriate.
Additional comments
I expect the macro leverage ratio to be stable in the second quarter.
It will provide a suitable monetary environment in the second half of the year.
Let’s hope that social financing will grow steadily in the second half of the year, growing in line with nominal GDP growth.
The intensity and pace of policies will be controlled based on the domestic economy and inflation.
China’s price level is basically under control.
PPI is rising rapidly due to the base effect and commodity prices.
The increase in PPI is transitory, external influences will fall.
China’s PPI will moderate in the fourth quarter and in 2022.
.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
