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IPFS News Link • Central Banks/Banking

China's Central Bank Vows To Expand Total Credit By 30% Of GDP In 2020

• by Tyler Durden

...which pulled it out of a deflationary slump, this time around China has been far more modest as the following chart shows.

All that may be about to change.

Speaking in a financial forum in Shangha, China's central bank governor Yi Gang said that China will keep liquidity ample in the second half of the year, but it should consider in advance the timely withdrawal of policy measures aimed at countering the effects of the COVID-19 pandemic.