China’s central bank head pledges to implement supportive policy

BEIJING (Reuters) – China will continue to implement a supportive monetary policy to help promote sustained economic recovery, Pan Gongsheng, governor of the People’s Bank of China, said in remarks published on Thursday.

China will promote the opening up of its financial services sector and financial markets and will strengthen communication with markets, Pan said during a meeting with executives of foreign financial institutions, according to a central bank statement.