July 1, 2019 / 10:04 AM / 5 months ago

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

FILE PHOTO: People walk past the headquarters of the People's Bank of China (PBOC), the central bank, as two paramilitary police officials patrol around it in Beijing, China November 20, 2013. REUTERS/Jason Lee

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.

Reporting by Beijing Monitoring Desk and Yawen Chen; Editing by Kim Coghill

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