faungg's photos
The People's Bank of China announced in a statement on Friday that it would increase stimulus measures and offer additional assistance for the real economy.
Yi Gang, governor of the People's Bank of China, said the institution will pay special attention to supporting infrastructure development and accelerating loans for housing projects while speaking at the G20 conference in Washington.
He added that the central bank would assist financial institutions in lending money to businesses in crucial industries like manufacturing so they could improve their equipment.
source: globaltimes.cn
Yi Gang, governor of the People's Bank of China, said the institution will pay special attention to supporting infrastructure development and accelerating loans for housing projects while speaking at the G20 conference in Washington.
He added that the central bank would assist financial institutions in lending money to businesses in crucial industries like manufacturing so they could improve their equipment.
source: globaltimes.cn