China’s central bank vows flexible approach as it acknowledges uneven economic picture

China’s central bank pledged to maintain a “moderately loose” monetary policy while calling for a more forward-looking, flexible and targeted approach, flagging “structural divergence” as a key domestic challenge for the first time, in a statement published on Wednesday. The remarks – in a readout from a meeting of the monetary policy committee of the People’s Bank of China (PBOC) on Saturday – came as China’s economy grows increasingly uneven, with artificial intelligence-related sectors,...