PBOC’s Wang: China should normalize economic growth at the earliest

An adviser to the monetary policy committee of the People’s Bank of China (PBOC), Wang Yiming, said on Thursday that China should aim to bring economic growth back to normal as soon as possible.

Additional quotes

“With the recovery of consumption particularly important amid weakening external demand which could slow exports and manufacturing investment growth next year.”

“It is necessary to release the spending potential of 460 million families, as it will be difficult to maintain the supply-demand balance if consumption is not supported as exports fall.”

“Next year’s monetary policy should continue to be prudent, tilted to loosening, and maintain reasonable and ample liquidity.”