Chinese central bank’s 15th five-year plan
China’s central bank, the People’s Bank of China (PBOC), released its first stand-alone five-year plan in at least a decade on Monday, focusing on measures to build the country into a financial powerhouse.
These are its key points: 1.
Optimise monetary policy architecture Refine market-driven interest rate and exchange rate mechanisms Keep the yuan exchange rate basically stable Proactively mitigate financial risks in key sectors 2.
Boost financial support for the real economy Target...
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