By Walter Grand in Economy —

The People's Bank of China will increase policy support for the economy, but avoid flood-like stimulus, Vice Chairman of the People's Bank of China

The People's Bank of China will increase policy support for the economy, but avoid flood-like stimulus, Vice Chairman of the People's Bank of China
Photo by Markus Spiske / Unsplash

After a slowdown in production due to the drought and energy crisis, the Bank of China decided to stimulate economic growth.

Stimulation may consist of simplification of business, reduction of regulatory pressure, reduction of fines.

Possible loosening of the policy of zero tolerance to Covid. Previously, this policy led to a complete suspension of production, quarantine in megacities.