China expected to adopt more supportive fiscal and monetary policy, PBOC adviser says

SHANGHAI (Reuters) -China is expected to adopt more supportive monetary and fiscal policies to bolster its slowing economy, Huang Yiping, an adviser to the central bank and a professor at Peking University, said on Saturday.

The remarks come days after China reported its third-quarter gross domestic product data along with a series of key activity indicators, showing growth in the world’s second-largest economy slowed to the weakest pace in a year.

High-frequency economic indicators, including export numbers, have performed well, Huang said, but added that “if you look at some indicators related to the sentiment, confidence, and expectations, they are much weaker.”

Huang emphasised that macro, industrial and reform policies were highlights on the government’s policy agenda and offered t