PBOC Vows No 'Strong' Stimulus, Won't Use Yuan in Trade War

The transcript discusses the People's Bank of China's (PBOC) recent monetary policy, highlighting an easing bias aimed at balancing economic growth and managing bad loans. The PBOC is cautious about massive stimulus, focusing instead on targeted credit support. Recent data shows an increase in new loans, particularly in infrastructure, indicating a shift towards growth support. Upcoming economic indicators like industrial production and retail sales will provide further insights into China's economic focus.

What was the amount of new loans issued in July, and how does it compare to the previous year?

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What economic indicators were expected to be released following the discussion on PBOC's policies?

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