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China's third quarter GDP growth expected to improve: PBOC official - Metro US

China’s third quarter GDP growth expected to improve: PBOC official

Man wearing a mask walks past the headquarters of the People's Bank of China, the central bank, in Beijing

BEIJING (Reuters) – China’s third-quarter GDP growth is expected to improve from the previous quarter, Ruan Jianhong, an official with the People’s Bank of China (PBOC), told a press conference on Wednesday.

Authorities should allow the macro-leverage ratio to rise temporarily due to efforts to boost credit support to the economy hit by the pandemic, Ruan said.

(Reporting by Kevin Huang and Ryan Woo; Editing by Andrew Heavens)

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