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China financial markets not immune to external shocks -China’s central bank governor -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO : Yi Gang (Governor of People’s Bank of China) attends a conference on China’s economy ahead of the 70th Anniversary of its foundation, Beijing, China, September 24, 2019. REUTERS/Florence Lo

BOAO, China (Reuters) – China’s financial markets are not immune to external shocks and the COVID situation also put more pressure on China’s economy, governor of the People’s Bank of China (PBOC) Yi Gang said on Friday in a video speech to the annual Boao Forum for Asia.

Yi stated that China would provide support to the real economy and China’s money policy would focus on small businesses and other sectors affected by COVID-19.

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