PBOC Drafts Policy to Give Private Firms More Funding Access

The transcript discusses the People's Bank of China's (PBOC) recent measures to support the economy, including meetings with banks and companies to understand their financing needs. The PBOC aims to set targets for financial institutions to better serve private companies. However, these measures alone may not resolve the underlying demand and confidence issues in the economy. Policymakers are aware of the slowdown and are taking steps, though they fall short of massive stimulus measures.

What challenges does the economy face despite the measures being implemented?

In what way are policymakers acknowledging the economic slowdown?