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

Reuters

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)

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