Forward-looking measures have already been taken

Forward-looking measures have already been taken

 by the Chinese monetary authority, earlier than other major central banks, based on the evaluation on macroeconomic conditions and the exter

nal environment. Policy fine-tuning will send positive signals to the market and support financial resilience, Zhang said.

This year, the remarkable change in tone from the world’s major central banks is shifting into a monet

ary easing cycle, and policies from the Chinese central bank are headed in the same direction, Zhang added.

A recent research note from Goldman Sachs forecast China’s credit growth to rise in January as commercial banks may be “si

gnificantly more aggressive than before” with encouragement from the easing policy. With the PBOC scheduled to

release more data this week, the trend may be reflected in faster growth of new yuan loans and the broad money supply.

Amid a good fall of snow, which Chinese traditionally believe promises a year of harvest and

prosperity, Chinese and United States top officials started two days of talks in Beijing on Thursday.

www.17xe9.cn

Avatar
weimiaow