The NBS revised down growth in the first quarter from the fourth quarter last year to 0.4%. The PBoC move, which released about 1 trillion yuan( US$ 154. 64bil or RM648. 9bil) in long-term liquidity to bolster the recovery, comes even as policymakers have sought to normalise policy after the economy’s strong rebound from the coronavirus crisis to contain financial risks.It highlights the challenges policymakers will face in rolling back pandemic-era stimulus as the coronavirus continues to flare
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2021-07-16 00:00:00.0