2017/03/19 | 14:21
(Encyclopedia of the Day News | Iraq News ) - direct: The governor of China 's central bank, during the meetings of the Group of Twenty, on Saturday, said that the growth of the economy in the country generally stable rate and growth prospects improve.
Said Zhou Xiaochuan, according to a statement posted on the PBOC website, that monetary policy will continue to be characterized by caution and neutrality.
Zhou said: that efforts will be made to contain the debt levels, including the restructuring of heavily indebted companies, and work to reduce overcapacity.
And it ended the finance ministers of the Group of Twenty their talks on Saturday, without the renewal of a long-term commitment to free trade and the rejection of protectionist policies, after the objection of the United States.
The PBOC lifted last Thursday, short-term interest rates for the third time in three months, after the recent US Federal Reserve's decision.
The central bank said that the decision on Thursday, is not considered a comprehensive tightening of monetary policy like the decision to its US counterpart.
China's central bank has kept the benchmark lending rate unchanged since October 2015.