China’s Economy Is Stabilizing and Improving, PBOC Says By Bloomberg
(Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. China’s central bank provided a more positive outlook of the economy, saying it’s showing more stability and improvement even though domestic and global risks remain. The People’s Bank of China will step up its coordination with global economic policies and prevent “external shocks,” the monetary policy committee said in a statement Monday at the conclusion of its quarterly meeting. The committee reiterated that China’s prudent monetary policy will be targeted and reasonable, and the central bank will keep liquidity reasonably ample. After...
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