PBOC’s Yi: China's Q2 GDP YoY growth expected to be high due to base effects

People's Bank of China (PBOC) Yi Gang said in a statement on Friday, China's Q2 GDP YoY growth is expected to be high mainly due to base effects.

Additional quotes

There is plenty of room for policy adjustment.

Will continue to implement prudent monetary policy, safeguard stability of yuan and financial sector.

Will facilitate enterprises to use yuan in cross-border trade and investments.

Market reaction

USD/CNY was last seen trading at 7.1204, up 0.13% on the day.