China to intensify liquidity management: central bank deputy governor

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hinaA statement of China's central bank said Wednesday that the country would continue using multiple monetary policy tools to enhance liquidity management and guide the money and credit growth back to normal.

The statement by Hu Xiaolian, a deputy governor of the People's Bank of China (PBOC), said the country is facing challenges to achieve this year's target of keeping the new lending under 7.5 trillion yuan (1.13 trillion U.S. dollars).

The PBOC urged the country's financial institutions to better manage the pace and scale of credit supplies for the rest of the year.

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China to intensify liquidity management: central bank deputy governor

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