China central bank says will play active role in responding to trade frictions By Reuters

© Reuters. FILE PHOTO: Headquarters of the PBOC, the central bank, is pictured in Beijing


© Reuters. FILE PHOTO: Headquarters of the PBOC, the central bank, is pictured in Beijing

BEIJING (Reuters) – China’s central bank said on Monday it will play a “proactive role” in responding to trade frictions with the United States.

“At present, we must pay special attention to risks imported externally,” the People’s Bank of China (PBOC) said in a statement following a meeting of its Communist Party Committee.

“We must prevent external shocks, market fluctuations and market contagion,” it said, vowing to “resolutely” fend off systemic financial risks.

The PBOC also said it would prevent and resolve risks in its key institutions, without elaborating.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





Source link