SINGAPORE : China's central bank on Wednesday pledged monetary policy support to ensure ample liquidity, help businesses badly hit by the latest COVID-19 outbreak in the country and support a recovery in consumption.
" waste no time planning incremental policy tools to support steady economic growth, stabilise employment and prices ... to provide a fair monetary and financial environment," the People's Bank of China said in a statement on Wednesday.
Economists say Beijing's target for economic growth of about 5.5 per cent this year will be hard to achieve without significant stimulus, as lockdowns and other tough curbs to battle the pandemic cause havoc in supply chains.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US FDA declines to approve two more China-tested drugsThe US Food \u0026 Drug Administration declined to approve two China-tested cancer treatments on Monday, raising concerns over the future of drugs tested in single-country trials. The decisions could add pressure on Chinese stocks, especially biotech companies, at a time shares of several US-listed Chi
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Ninth survivor rescued from collapsed China buildingBEIJING: A woman was pulled out alive on Tuesday (May 3) from the rubble of a building that collapsed four days ago in central China, state media said, calling the rescue a \u0022miracle\u0022. The commercial building in Changsha city, Hunan province, which housed apartments, a hotel and a cinema,\u0026nbs
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US relieved as China appears to heed warnings against supporting Russia
Source: STForeignDesk - 🏆 4. / 71 Read more »
2 dead in central China building collapse
Source: STForeignDesk - 🏆 4. / 71 Read more »
US relieved as China appears to heed warnings on RussiaWASHINGTON: Two months after warning that Beijing appeared poised to help Russia in its fight against Ukraine, senior US officials say they have not detected overt Chinese military and economic support, a welcome development in the tense US-China relationship. US officials told Reuters in recent days they appears 😂
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
CEO of Berkshire's Dairy Queen eyes China and India for growth, upgrades menuOMAHA, Nebraska: Dairy Queen is looking to China and perhaps India to fuel growth, while counting on a revamped burger menu to bring in more American and Canadian customers. Troy Bader, chief executive of International Dairy Queen since 2018, expects international markets to be the fastest-growing for the
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »