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China's central bank will have more room to inject liquidity and lower the major interest rates to cushion any financial volatility and stimulate the economy, as domestic consumer inflation pressure eased and the global economy is predicted to suffer a deep recession this year amid the COVID-19 pandemic, economists said.
China's Vice-Premier Wang Yang delivering a speech at the 11th China-Northeast Asia Expo Opening Ceremony said: "Although China has run a trade deficit with several countries in the region, we do not engage in trade protection, and is willing to further expand our imports from these economies to meet diversified needs."
China's M2 growth target this year was set at around 12 percent, one percentage point lower than the 2016 target.
China's FAI in transport posted steady growth in the first 10 months of this year. [Photo/VCG]
China's GDP growth may moderate to 6.2 percent year-on-year this year due to slowing exports and dampened investor confidence as trade tensions escalate, said a report published by the Asian Development Bank on Wednesday.
来源：资阳报