Structural Policy Tools in China Amounts to $952 Billion, sees 0.7% Increase

The outstanding structural policy tools in China totaled 6.87 trillion yuan ($952.14 billion) at the end of June, according to the central bank, up 0.7% from 6.82 trillion yuan at the end of March.

In recent years, the central bank's arsenal of structural policy tools has grown to include relending and rediscount facilities, as well as other low-cost loans.

A senior central bank official stated last week that the bank will use policy tools such as the reserve requirement ratio (RRR) for banks and its medium-term lending facility to help the world's second-largest economy weather the challenges it faces.

This week's data reinforced the view that China's post-COVID recovery is faltering rapidly, putting pressure on policymakers to provide more stimulus to boost activity.