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China central bank says economy stable but complexities 'cannot be underestimated'
April 1, 2017 / 10:20 AM / 8 months ago

China central bank says economy stable but complexities 'cannot be underestimated'

SHANGHAI (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.

FILE PHOTO: A staff member walks in front of the headquarters of the People's Bank of China (PBOC), the central bank, in Beijing, June 25, 2013. REUTERS/Jason Lee/File Photo

The People's Bank of China said in a statement posted on its website (www.pbc.gov.cn) 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.

Reporting by David Stanway; Editing by Eric Meijer

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