August 21, 2018 / 7:59 AM / 7 months ago

China says will keep liquidity reasonably ample

BEIJING, Aug 21 (Reuters) - China’s central bank said on Tuesday that it will keep liquidity reasonably ample but will not resort to strong policy stimulus.

Policies will also be made more forward looking, flexible and effective, the People’s Bank of China (PBOC) said in a statement issued at a news conference in Beijing, adding that it will improve the transmission of monetary policy.

The Chinese government is expediting plans to invest billions of dollars in infrastructure projects as its economy shows signs of cooling further and the United States prepares to impose more sweeping trade tariffs. (Reporting by Elias Glenn and Beijing Monitoring Desk; Editing by Kim Coghill)

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