News Snapshot:
China will provide necessary support for economic recovery - PBOC vice gov (Adds details) BEIJING, Jan 15 (Reuters) - China's monetary policy will provide necessary support for the country's economic recovery in 2021, a vice governor at the People's Bank of China (PBOC) said on Friday. Backed by tough coronavirus containment measures and emergency relief for businesses, the world's second-largest economy has basically recovered to pre-pandemic levels, but a resurgence of infections worldwide and in parts of China itself is keeping policymakers cautious. China's prudent monetary policy will be more flexible, targeted and appropriate this year, Chen Yulu told a...
