Economic Support from China's Central Bank Governor Yi Gang

Yi Gang, the Governor of the People's Bank of China (CNY), added a new message to his messages in which he emphasized the bank's support for the real economy.

Differentiating from the central banks following a tightening path at the global level, the People's Bank of China repeated its emphasis on support for the real sector. Chinese Central Bank Governor Yi Gang made important statements on Sunday. He stated that the People's Bank of China will take a step forward in credit support to the real economy, while the yuan will maintain stability. Yi promised broad liquidity and credit support in his statements at the parliament session on Friday. The slowdown in automotive and real estate sales, weakening global trade, declining confidence in small-scale companies and similar developments had revealed that the Chinese economy weakened in October. Follow Global Economic Developments on Social Media! Click here to follow Ieconomy official Facebook account! Click here to follow Ieconomy official Instagram account! Click here to follow Ieconomy official Twitter account!