China’s central bank on Monday said it will fend off systemic risks to the economy and guide financial institutions to resolve local debt risks, laying out general guidelines for the country’s economic and financial policies.
In its third quarter policy implementation report, the central bank said monetary policy would be forceful and targeted, and that it would better support expanding domestic demand. The government has launched several policies over the past few months, seeking to energize an economy pressured by a struggling property sector, local government debt risks, slow global growth and geopolitical tensions
Source: Devdiscourse
