BEIJING : China's central bank governor pledged on Thursday to guide more financial resources towards the private economy, suggesting refreshed urgency from Beijing to bolster the confidence among private firms as economic momentum weakens.During a meeting on Thursday with at least eight private firms fro
BEIJING : China's central bank governor pledged on Thursday to guide more financial resources towards the private economy, suggesting refreshed urgency from Beijing to bolster the confidence among private firms as economic momentum weakens.
The debt financing tools, dubbed"the second arrow" and supported by PBOC refinancing, were launched in 2018. China last month unveiled a series of policy measures designed to help private businesses after the sector has been bruised by COVID-19 curbs and a wide-ranging regulatory crackdown that targeted industries from technology to property.
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