China’s central bank will step up policy implementation to support the economy

China’s central bank will strengthen the implementation of its prudent monetary policy and step forward to support the economy, Vice Governor Pan Gonsheng said on Thursday. Pan told a news conference that the People’s Bank of China (PBOC) will use various policy tools to increase liquidity injection to keep liquidity in the economy reasonably adequate. The central bank aims to stabilize economic growth, jobs and prices, Pan said, adding that financial institutions should maintain discretion in their operations and hedge risks. “We will continue to strengthen the implementation of prudent…