China to make better use of structural monetary policy tools
File photo shows the headquarters of the People's Bank of China in Beijing, capital of China. (Xinhua/Cai Yang)
BEIJING, May 9 (Xinhua) -- China's central bank on Monday said full play should be given to the guiding roles of structural monetary policy tools.
Efforts should be made to make good use of relending and rediscount policies to support agriculture as well as micro and small firms, and the amount of such relending should be increased in a timely manner, according to a report released by the People's Bank of China.
The central bank will better leverage inclusive loans for micro and small enterprises and boost the support for agriculture-related businesses and sectors hit hard by COVID-19, the report said.
Special relending will be issued to support the clean and efficient use of coal, and support will be improved for large wind power and photovoltaic bases and for the renovation and upgrading of surrounding coal power plants, it said.
The implementation of special relending for sci-tech innovation and inclusive elderly care will also be boosted, according to the report.
Photos
Related Stories
- China's economy to roar back despite lockdown: British media
- Interview: ABB chairman "positive on the outlook of China's economy"
- China responsible for two in three BEVs sold worldwide in Q1: study
- China has confidence, capabilities to achieve 2022 economic goals: official
- As China stabilizes supply chain, Canton Fair sees new records
Copyright © 2022 People's Daily Online. All Rights Reserved.