PBOC Pledges to Use Policy ‘Comprehensively’ as Trade War Sparks Sell-Off

The transcript discusses the People's Bank of China's (PBOC) recent actions to inject liquidity into the financial system and guide investors to remain rational amid internal and external pressures. These pressures include upcoming bank repayments, corporate bond defaults, and escalating trade tensions with the US. The PBOC aims to stabilize the market by signaling its readiness to support and using various monetary policy tools. Analysts suggest that China may need to slow its deleveraging efforts to avoid economic slowdown due to trade conflicts. The PBOC's messaging in the media emphasizes market stability and sound economic fundamentals.

What is one of the main goals of the PBOC's recent actions?

• To increase interest rates

• To inject liquidity into the financial system

• To promote cryptocurrency

• To reduce foreign investments

What external pressure is mentioned as a challenge for the PBOC?

• Increasing unemployment rates

• Escalating trade tensions with the US

• Decreasing foreign reserves

• Rising oil prices

According to the PBOC, what primarily drives stock market turbulence?

• Economic fundamentals

• Government policies

• Market sentiment

• Foreign investments

How might trade conflicts affect China's deleveraging efforts?

• They might have no impact

• They might reverse the process

• They might accelerate the process

• They might slow down the process

What message is the PBOC trying to convey through mainland media?

• China's fundamentals are sound

• China's economy is in crisis

• China will increase taxes

• China will reduce exports