China central bank governor says economic resilience will increase

Growth of China's money supply and total social financing were largely in line with nominal GDP growth

  
Aircraft fly in formation past Oriental Pearl Tower at Lujiazui financial district of Pudong on the 100th founding anniversary of the Communist Party of China, in Shanghai, China July 1, 2021.

Aircraft fly in formation past Oriental Pearl Tower at Lujiazui financial district of Pudong on the 100th founding anniversary of the Communist Party of China, in Shanghai, China July 1, 2021.

Reuters/Aly Song

BEIJING- China's economic resilience will increase thanks to favourable conditions such as the large size of its economy and the rapid pace of technological innovation, Central Bank Governor Yi Gang said on Wednesday.

In remarks at the Financial Street Forum in Beijing, he added that growth of China's money supply and total social financing were largely in line with nominal GDP growth, and liquidity is ample.

(Reporting by Kevin Yao in Beijing, Writing by Meg Shen; Editing by Giles Elgood) ((meg.shen@thomsonreuters.com; 852-39525805;))


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