CHINA CENTRAL BANK SAYS ECONOMY STABLE BUT COMPLEXITIES ‘CANNOT BE UNDERESTIMATED’

CHINA CENTRAL BANK SAYS ECONOMY STABLE BUT COMPLEXITIES ‘CANNOT BE UNDERESTIMATED’

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Man uses his mobile phone while walking past the headquarters of the PBOC in Beijing

(Reuters) China’s economy remains “generally stable” but it is facing complexities that “cannot be underestimated”, the country’s central bank said in a statement on Saturday following a quarterly meeting of its monetary policy committee.

The People’s Bank of China said in a statement  that the world economy was still in a period of readjustment following the global financial crisis, and there were still many risks in global markets.

It said it would continue to implement a sound and neutral monetary policy, and rely on a range of monetary policy tools to keep liquidity at a stable level. It added that it would continue to keep the yuan exchange rate at a reasonable and stable level.

 

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