China's monetary policymakers are set to further reduce financing costs and maintain ample liquidity, in support of the country's economic recovery that has gathered steam, said Pan Gongsheng, governor of the People's Bank of China, the nation's central bank. Dedicated to safeguarding financial stability, the central bank will also provide liquidity support for some indebted local governments when necessary and prevent risks in the property market from spreading to other sectors, Pan said on Wednesday while addressing the Annual Conference of Financial Street Forum 2023 in Beijing. Experts said that Pan's remarks ... (full story)