Central bank governor headlines 13th Lujiazui Forum
June 11, 2021
China will continue implementing a prudent monetary policy in line with the new stage of development, and deepen interest-rate-liberalization reform, said central bank governor Yi Gang.
At the 13th Lujiazui Forum that opened on Thursday – which aims to offer inspiring ideas and suggestions for promoting global economic recovery and financial stability as well as China's financial reform and opening-up – Yi shared his insights on monetary policy and the development of green and inclusive finance, revealing policy clues for the direction of China's financial sector.
The potential growth of the Chinese economy will moderate amid the shift toward high-quality development from high-speed growth, primarily due to the bigger comparison base, slower labor-productivity growth and changes in the population structure.