China Pledges Stronger Monetary Policies to Support Economy

The transcript discusses a central bank's monetary policy report, highlighting its focus on economic growth and job creation amid global coronavirus impacts. The report suggests a more flexible monetary policy, with increased liquidity to support the economy. It also notes concerns about a global recession and the underestimated impact of the virus. China's central bank maintains a normal monetary policy, focusing on credit support for key sectors and controlling financial risks.

What is the central bank's new focus in response to the global economic pressures?

• Increasing interest rates

• Avoiding liquidity injection

• Reducing job creation

• Focusing on economic growth and jobs

What did the PBOC report suggest about the global economy?

• It is on a growth track

• It is experiencing high inflation

• It has slipped into a recession track

• It is unaffected by the pandemic

What is China's approach to monetary policy according to the PBOC?

• Reducing credit support to agriculture

• Maintaining a normal monetary policy

• Implementing unconventional tools

• Focusing solely on inflation control

Which sectors does China aim to support with its monetary policy?

• Technology and finance

• Healthcare and education

• Real estate and tourism

• Agriculture and trade

What does the PBOC say about the potential for long-term inflation or deflation?

• There is no reason for it

• It is a major concern

• It is already happening

• It is inevitable