摘要
China’s central bank introduced two new monetary policy instruments in June to directly channel funds into the real economy,another sign that the country will not resort to quantitative easing.The People’s Bank of China(PBC)said it would use 400 billion yuan($56.37 billion)of a special re-lending quota to purchase 40 percent of inclusive loans to small and micro businesses issued by local banks from March 1 to December 31.
