BEIJING (Reuters) – China’s central bank will step up implementation of prudent monetary policy and provide stronger support for the real economy, its governor, Yi Gang, said, according to a statement from the People’s Bank of China (PBOC) on Friday.
Yi said at a G20 meeting that the PBOC will put emphasis on supporting infrastructure construction and quicken the pace to utilise loans to deliver home projects. He also said the central bank will support financial institutions to issue equipment upgrade loans to key sectors, including the manufacturing sector.
(Reporting by Albee Zhang and Ryan Woo; Editing by Muralikumar Anantharaman)
