Monetary policies

The People's Bank of China said the prudent monetary policy will be precise and forceful, and will increase financial support for domestic demand and supply.

First, the country will support the recovery and expansion of consumption and the development of key infrastructures and major projects. Second, it will treat enterprises of all types of ownership equally and guide financial institutions to further solve financing problems for private small and micro businesses. Third, it will implement a 16-point recovery plan to support the steady and sound development of the real estate market.