People's Bank of China, more comments from the dep gov.:

  • Expects China's nominal economic growth to be around 8% in 2024
  • Will maintain appropriate growth in credit and total social financing
  • Central bank's expected goal on 2024 total social financing growth implies bid to promote price rises
  • Will guide banks to lower deposit rates, lower financing costs
  • Will support consumption, investment, promote rebound in prices

Earlier: