China’s Central Bank Vows Greater Support for Real Economy

(Bloomberg)— China’s central bank pledged greater support for the real economy and said it will make monetary policy more forward-looking and targeted.

There will be more “proactive” use of monetary policy tools, the People’s Bank of China (PBOC) said Saturday in a statement. It said there will be “good use” of the monetary policy tools’ quantitative and structural functions, referring to the adjustment of liquidity in the market and policies targeting certain groups.