Africa Business Radio

China’s central bank has vowed to promote the healthy development of the country’s real estate market, saying it will safeguard the legal rights of home buyers and better satisfy their reasonable living needs.The statement from the People’s Bank of China says it will prioritise economic stability, amid an increasingly severe external environment and the unrelenting global pandemic.The PBOC said it will keep its monetary policy flexible and appropriate, and liquidity reasonably ample. It will strengthen support to the real economy, with a bias toward small companies.