China will strike a balance between stabilising economic gro


Source: hellenicshippingnews.com hellenicshippingnews.com

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China will strike a balance between stabilising economic growth and preventing risks, even as debt was allowed to temporarily rise this year to support the coronavirus-hit economy, the head of the central bank Yi Gang said on Wednesday. Yi, the governor of the People’s Bank of China (PBOC), told a financial forum in Beijing that he expected China’s macro leverage ratio to stabilise next year as the economy expands, after the debt gauge rose in 2020. Bank lending in the first nine months totalled 16.26 trillion yuan ($2.44 trillion) as policymakers looked to reboot economic activity, beating a previous peak...