China’s NDRC: There will be no sudden shift to monetary policy this year

The National Development and Reform Commission, China’s state planner said

Additional quotes

“Will roll out more targeted measures to help companies.”

“Believes China has the ability and conditions to consolidate economic recovery this year.”

“Monetary policy will provide the necessary support to struggling firms this year.”

“Temporary policies rolled out during pandemic cannot last in the long term.“

“China will control the pace of policies to ensure stable economic recovery, no "policy cliff".”

“Incorrect to say China's economic policies will be fully rolled back this year.”

more to come ...