China's central bank pledged greater flexibility in adjusting the pace and intensity of its monetary policy in response to real economic conditions during its quarterly meeting this week. The People's Bank of China (PBOC), the central bank, called for an increase in the intensity of policy adjustments while also enhancing their foresight, precision, and effectiveness. The bank emphasized the need to maintain adequate liquidity and to guide financial institutions to enhance their credit supply, ensuring that the money supply aligns with economic growth and inflation targets. The meeting reviewed economic and financial developments both domestically and internationally, with policymakers highlighting challenges such as weak domestic demand, persistent low inflation, and various potential risks facing China's economy.
China's central bank pledges greater flexibility in monetary policy adjustments
German media have reported that a suspect in the 2022 Nord Stream pipeline explosions was a Ukrainian military officer at the time of the incident.
According to Der Spiegel, a Ukrainian national suspected of involvement in the sabotage of the Nord Stream natural gas pipelines has been confirmed as serving in a Ukrainian special forces unit when the explosions occurred.
A letter from Ukraine's Ministry of Defense cited by the magazine said that the suspect held the rank of captain in a special operations unit between 2022 and 2023.
The report added that a former Ukrainian military officer has also confirmed the suspect served under his command during that period.
The Nord Stream 1 and Nord Stream 2 pipelines, which run under the Baltic Sea and connect Russia with Germany and other European countries, were partially destroyed by explosions on September 26, 2022.
The suspect was arrested in Italy's Rimini province in August this year and was extradited to Germany on November 27.
Former Ukrainian military officer identified as Nord Stream Pipeline blast suspect
