China’s central bank has pledged to strengthen macro-economic regulation to boost domestic demand and provide stronger support for the real economy as the country’s economic recovery continues to pick up momentum.
“Currently, the external environment is becoming more complex and grave, with a slowdown in the world economy as well as international trade and investment, and still high inflation and with interest rates in developed countries expected to remain elevated,” the People’s Bank of China (PBOC), the central bank, said in a statement released on Wednesday.—Xinhua
