China will maintain its prudent monetary policy, vice governor of the central ba...
FILE PHOTO: Fan Yifei, vice governor of the People's Bank of China , attends a news conference during the ongoing session of the National People's Congress in Beijing, China March 10, 2019. REUTERS/Jason Lee
BEIJING - China will maintain its prudent monetary policy, vice governor of the central bank said on Saturday, at a time the economy has been hit by a coronaviurs outbreak. Fan Yifei, vice governor at the People’s Bank of China, told a press briefing that consumer prices were unlikely to rise sharply.
He added that non-performing loan ratio remained relatively low in China and he saw space to deal with bad loan problems.
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