China's stock market correction is ‘almost over’ - PBOC’s Yi

FXStreet (Mumbai) - Speaking at an annual meeting of the International Monetary Fund and World Bank in Peru, Yi Gang, deputy governor of the People's Bank of China, noted that China's stock market has experienced several rounds of corrections and that now the correction is “almost over,” the official China Securities Journal reported on Monday.

Yi also added that such corrections have had limited direct impact on China's economy amid a series of measures implemented by the Chinese authorities to avoid systemic risks.