China expands ‘circle of friends’ as overseas investors boost domestic assets
China’s top financial officials said the country’s assets have become much more attractive to overseas capital in the past year at a high-profile press conference, adding Beijing would continue to prioritise domestic economic objectives even as interest rate cuts from the US Federal Reserve have created room for looser monetary policy.
Adjustments to China’s monetary policy are “self-determined” and “data-based”, said Pan Gongsheng, governor of the People’s Bank of China, at the conference on...
