"Monetary policy should coordinate with fiscal and industrial policies to jointly boost the confidence of market players, stimulate market drivers, support the real economy and achieve the goal of stable growth," the bank said in a WeChat statement.
The announcement came after the PBOC announced that it had increased the targeted re-lending quota for the coal industry by an additional 100 billion yuan to aid clean energy development, official Chinese media reported.
ALCHEMPro News Desk (DS)
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