PBoC vows greater support for real economy

More proactive: People walking past the PBoC headquarters. The central bank also reiterates its aim to promote the property sector’s ‘healthy’ growth and protect home buyers’ rights. — Reuters

BEIJING: China’s central bank pledges greater support for the real economy, and says it will make monetary policy more forward-looking and targeted.

There will be more “proactive” use of monetary policy tools, according to the People’s Bank of China (PBoC) in a statement.