PBOC says to implement and refine moderately loose monetary policy ...Middle East

China economy still faces many risks and challengesTo further improve monetary policy framework, maintain policy continuity and stabilityTo resolutely defend the bottom line of preventing systemic financial risksWill adjust intensity and pace of policy implementation according to the situationWill maintain ample liquidityTo push for prices to remain at a reasonable levelTo continue to strengthen implementation and supervision of interest rate policiesWill stabilise market expectations, resolutely deal with disruptions to the market order

A lot of token remarks as Beijing continues to reaffirm their support for the economy. The key wording is in the headline still as they continue to seek a more "moderately loose" monetary policy for now. Again, the challenge for China is having to revive domestic demand conditions while balancing that with deleveraging and also dealing with deflation risks.

This article was written by Justin Low at investinglive.com.

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