China Sees Third Quarter as Key for Rollout of Stimulus

(Bloomberg) — China said it will accelerate its stimulus rollout in the third quarter as it tries to recover from a second quarter marred by pandemic-related losses. The central bank said it will keep the yuan stable after six months of declines.

It’s “crucially important” for the country to adopt supportive policies this quarter, Yang Yinkai, deputy secretary general of the National Development and Reform Commission, told reporters Monday in Beijing. He spoke alongside officials from the central bank and other government ministries.