Comments from PBOC’s head of monetary policy, Sun Guofeng
- China’s monetary policy is appropriate this year
- Relatively slower money supply can still meet economic needs
More of the usual coming out from Chinese officials. When looking at these comments, it’s more to do with the timing and frequency that they are released rather than the words itself. Chinese stocks are taking a bit of beating today with major indices down by nearly 1% now so you could make a case that there will be more soothing words to follow to ease the jitters seen so far in trading this week.