BEIJING (Reuters) – China’s central bank said on Thursday it will step up efforts to consolidate economic recovery, which still faces some downward pressures.
China’s economy continues to recover, but it faces pressures from shrinking demand, supply shocks and weakening expectations, the People’s Bank of China said in a statement after a quarterly meeting of its monetary policy committee.
The central bank pledged to strengthen the implementation of its prudent monetary policy and keep liquidity reasonably ample.
(Reporting by Kevin Yao and Beijing newsroom; Editing by Raissa Kasolowsky)
