BEIJING (Reuters) – China’s central bank said on Monday it would step up support for the real economy, while closely watching domestic inflation and monitoring policy adjustments by developed economies.
The People’s Bank of China (PBOC) will keep liquidity reasonably ample, prioritise stability and take steps to boost confidence, the bank said in its first-quarter monetary policy implementation report.
China will keep its economic operations within reasonable range, the central bank said, adding that it will not resort to flood-like stimulus and will not use property as short-term stimulus for economy.
(Reporting by Kevin Yao and Beijing newsroom; Editing by Edmund Blair)
