China's central bank on Monday said it would stabilize monetary policy and make it more forward-looking and effective in strengthening the real economy while avoiding stimulus. "Like a flood"The bank will coordinate macroeconomic policies for 2021 and 2022, promoting high-quality development with moderate financial growth.
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and support the continuous recovery of small and medium-sized companies as well as the industries that are experiencing problems According to the quarterly report on monetary policy by People's Bank of China Overall, China has adhered to its monetary policy as usual since the outbreak of COVID-19.
basically Policy intensity will return to pre-epidemic levels in the first half of this year,The central bank will maintain a prudent, flexible, accurate, reasonable and moderate monetary policy. Follow the normal monetary policy. Execute cross-cycle policy design. and draws a line between economic recovery and risk control, the report said.