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China's central bank, the People's Bank of China (PBOC), has announced plans to enhance financial support for key sectors including technology and consumer industries, signaling a shift away from its previous focus on traditional sectors such as real estate and infrastructure. The PBOC aims to build a more friendly financial environment by reducing banks' liability costs. Currently, five favored sectors account for 70% of the loans issued by Chinese banks. Additionally, the PBOC has confirmed measures to address the country's persistent deflation problem, as outlined in its recently released Implementation Report on China’s Monetary Policy for the second quarter of 2025.
I hinted last month that China might be considering upward price adjustments to address its persistent deflation problem. This has now been officially confirmed by the PBOC, which stated in its newly released Implementation Report on China’s Monetary Policy in Q2 2025 that the https://t.co/7sD6boV6HR https://t.co/Cx4I4EMc8A
China’s central bank pledged to strengthen financial support to key areas including tech and consumption, as it moves further away from its previous playbook of funneling loans to traditional industries such as real estate and infrastructure https://t.co/97BMijhd5R
China's Central Bank Emphasizes Financial Assistance For Technology And Consumer Sectors China targets tech and consumer growth for financial aid.
