Chinese Economic Officials at Pains to Tout Efficacy of Recovery Stimulus

Chinese policymakers have reiterated their vow to lower mortgage rates and implement new structural monetary tools when necessary, in yet another assurance aimed at highlighting their efforts to stimulate growth as the government seeks to bolster the faltering economic recovery and investor confidence.

The central bank may extend existing structural monetary tools or create new ones for key areas and weak links, such as inclusive finance and decarbonization, said Zou Lan, head of the monetary policy department of the People’s Bank of China (PBOC) at a press conference on Friday.