PBOC to enhance macro-control amid financial reform
Print Edition
CHINA’S central bank will continue to improve its macro-control efforts as it promotes financial reform and opening-up, Vice Governor Yi Gang said at a seminar yesterday.
The People’s Bank of China will implement key proposals from the 13th Five-year (2016-2020) Plan, Yi said in Beijing.
It will continue to promote innovative and effective macro-control methods to maintain financial stability and further promote the readjustment of foreign exchange management to continue opening-up, he said.
China will continue with financial system reforms in the next five years and form a transparent and healthy capital market, according to the five-year plan proposed by the Communist Party of China last week.
China is targeting “medium-high economic growth” in the coming five years, and aims to double its 2010 GDP and per capita income of both urban and rural residents by 2020.
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