China’s central bank to step up policy adjustments, drive price rises

BEIJING -China'scentralbank on Thursday said it wouldstepupmacroeconomicpolicyadjustmentsto support the economy and promote a rebound inprices, amid signs of rising deflationary pressures. The People'sBankof China (PBOC) will keep liquidity reasonably ample and guide the reasonable growth of credit, it said in a statement after a quarterly meeting of its monetarypolicycommittee. "The current external environment is becoming more complex and severe," thecentralbanksaid. "The international economy, trade and investment are slowing down, inflation is falling from high levels, and interest rates in developed countries remain high." China'seconomy is recovering but it still faces...Keep on reading: China’s central bank to step up policy adjustments, drive price rises

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