PBOC says complexities facing Chinese economy can not be underestimated

Peoples Bank of China over the wires

  • PBOC will maintain prudent policy
  • will keep mon pol flexible. Neither too tight nor too loose
  • will use mon pol tools to maintain appropriate liquidity
  • yuan remains within reasonable range
  • PBOC will lower social financing cost, will realise reasonable growth in social financing , money supply and credit

China still rightly and understandably on the cautious side as they face the challenges of loosening up the economy whilst also managing the downward trend.