June 23, 2017
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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.

The People's Bank of China said in a statement posted on its website (http://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)