PBOC says will continue to take measures maintain stability in yuan exchange rate ...Middle East

Will step up counter-cyclical policy adjustmentWill prevent overshooting risks in exchange rate, to keep the yuan stableTo continue to take measures to keep yuan exchange rate basically stable at reasonable and balanced levels

here, with new bank lending struggling in 2024. It highlights a key problem for Chinese banks as they face the challenge of stalling loan growth. It shows that despite the stimulus measures from Beijing, it is not enough to revive consumer credit demand. And that doesn't bode well for the economic outlook coming into this year.

This article was written by Justin Low at www.forexlive.com.

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