China's central bank to better support real economy


By Zhang YiyiWu Yu
  • World
  • Tuesday, 29 Sep 2020

BEIJING, Sept. 28 (Xinhua) -- China's central bank has pledged to step up support for the real economy amid efforts to further lower lending rates and financing costs via reform.

The People's Bank of China (PBOC) will work to make sure that newly added financing flows will focus on the manufacturing sector and medium, small and micro firms, the PBOC said in a statement on Monday after a regular meeting of its monetary policy committee.

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