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China will promote cross-border green bond flows and green finance investment as part of efforts to fulfill its commitment to ensure sustainable growth, a top central bank official said on Monday.
China will inject around 10 billion yuan (.52 billion) over the next three years to support the development of industries involved in the Made in China 2025 strategy, a blueprint for upgrading the country's manufacturing sector, the Economic Information Daily reported Thursday.
China's central bank pledged in its first-quarter monetary policy report that it will step up counter-cyclical adjustments to support the real economy, make the prudent monetary policy more flexible and appropriate, and continue to deepen the reforms of the market-oriented interest rate and the yuan exchange rate formation system.
China will never seek hegemony in the international community and it will always stand by the common interests of all countries, he said, adding that "those who always try to label China 'hegemonic' are the ones who are hanging on to hegemony".
China's cabinet-level committee to oversee financial stability is able to play a key role in coordinating policymaking, according to Huang.
