Signals of “normalization” of the Chinese economy are getting stronger – WORLD

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Signals of “normalization” of the Chinese economy are increasingGuo Shuqing, chairman of the China Banking and Insurance Supervision Commission (CBIRC), told the press, “Since the end of 2022, the Chinese currency, the yuan, has appreciated significantly, and foreign capital entering the Chinese market has also increased.Chairman of China Banking and Insurance Supervision Commission (CBIRC) Guo Shuqing He told the media, “Since the end of 2022, the yuan, the Chinese currency, has risen in price strongly, foreign capital entering the Chinese market has also increased. This indicates that the international financial market is optimistic about China’s economic development and that there is a full confidence in the fundamental economic elements of the country, including commodity prices,” he said.

In the news published by Bloomberg News, according to Guo Shuqing’s statement, it was stated that the Chinese government will provide more financial support to private companies in the country, and the Chinese economy will return to normal.

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