PBC intends to support China’s economic growth and forecasts moderate inflation in 2023

On Friday, December 2, People's Bank of China (PBC) Governor Yi Gang announced that the central bank intends to support the country’s economy and stimulate its growth. He also added that consumer inflation in China is likely to remain moderate in 2023.

The announcement was made at the Bank of Thailand-BIS conference in Bangkok. Yi Gang stated that China’s economy during its recovery will be supported by the PBC’s accommodative policy. In addition, it will have a positive impact on the employment rate.

The central bank’s governor stressed that the PBC is currently focused on China’s economic growth. In recent years, it has been significantly slowed down by the pandemic of COVID-19 and some other problems that the country has faced during this time.

Also, Yi Gang considers the political cooperation between both developed and developing countries as one of the most important conditions for global economic recovery.