PBoC latest publications

July 20, 2021

China Economic Outlook. Third Quarter 2021

Q2 growth momentum moderated but with a more balanced structure. 2H 2021 policy will remain neutral but accommodative with "no sharp turnaround" to be either aggressive easing or tightening.

August 1, 2016

China | July PMIs depict mixed picture, PBoC to implement more monetary easing

China’s official factory gauge contracted in July after expanding for four consecutive months, missing economist expectations. Accommodative monetary as well as fiscal policy stances will be necessary in order to prop up domestic demand in the interim.

December 30, 2015

China | PBoC announces launch of new macro-prudential assessment system to curb risks

The People’s Bank of China (PBoC) announced that it would introduce a new mechanism to address risks in the financial system, starting from 2016. The new Macro-Prudential Assessment System (MPA) will enable the PBoC to evaluate a broader range of credit products, in turn strengthening the PBoC's supervision of the entire fi…

September 4, 2014

The PBoC’s next steps

The People's Bank of China (PBoC) will deploy more monetary policy loosening in order to sustain economic growth within the target zone. Targeted unconventional policy tools will feature more prominently through the rest of the year, together with a number of conventional policy tools. In this Watch, we take stock of the d…