PBoC announces policies to help pandemic-stricken economy
Package of 23 measures echoes actions taken in 2020
The People’s Bank of China (PBoC) has announced 23 measures to help the economy, as the pandemic continues to take its toll.
China’s economic development is facing “increasing” pressures from shrinking demand, supply shocks and weakening expectations, said a notice the central bank issued on April 18. The measures build on financial support announced in 2020.
Earlier this year, Chinese premier Li Keqiang announced the lowest GDP growth target in decades at “around” 5.5%.
At the same time
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