China’s central bank flags supply-demand imbalance in economy

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China's central bank identified a structural supply-demand imbalance in the economy and plans to maintain a loose monetary policy to boost domestic consumption. The bank sees the economy as generally stable and improving.

China’s central bank identified a structural mismatch between strong supply and weak demand in the country’s economy on Wednesday. The People’s Bank of China announced plans to maintain an appropriately loose monetary policy and increase financial support to boost domestic consumption. The world’s second-largest economy remains “generally stable” and improving, according to the central bank’s ...