China's central bank vows stronger macro policy moves to shore up economy

BEIJING (Xinhua): China's central bank on Sunday (June 28) vowed stronger macro-economic policy adjustment as well as better fiscal, monetary, and employment policy coordination and implementation to counter the impact of Covid-19 on economic growth.

The country will pursue a prudent monetary policy in a more flexible and appropriate way, and put boosting the real economy and sustainable development at a more prominent position, the People's Bank of China (PBOC) said in a statement released after a quarterly meeting of its monetary policy committee.