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China's financial sector is striving to solve the financing difficulties of private enterprises and reducing their costs, said Guo Shuqing, Party secretary of the People's Bank of China and chairman of the China Banking and Insurance Regulatory Commission.
China's economy will maintain its strong resilience, and the government has sufficient policy tools to keep growth stable despite the fallout of the novel coronavirus outbreak, said a central bank vice governor.
China's foreign exchange reserves rose by billion in December to .07 trillion, after a rise of .6 billion in November, according to the State Administration of Foreign Exchange.
China's new vehicle market began sliding in the second half of 2017 and the China Association of Automobile Manufacturers expects the downward trend to continue well into 2020.
China's monetary stimulus has been restrained compared to other major economies. In 2020, Chinese M2, a broad measure of the money supply, has risen at a growth rate of between 10.5 and 11.5 percent, compared to 8.0-8.5 percent in 2019.This additional money flowing into the economy is only enough to result in a mild increase in inflation in the worst case scenario.
来源：资阳报