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China central bank: will make monetary policy changes as needed

Tuesday, July 28, 2015 - 09:31
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China's central bank said on Tuesday that it will use various monetary tools to maintain appropriate levels of liquidity in the second half of this year.

[BEIJING] China's central bank said on Tuesday that it will use various monetary tools to maintain appropriate levels of liquidity in the second half of this year.

It added that the country's main economic indicators are steadily improving.

Plunging share markets have added to concerns about the health of the world's second-biggest economy, rattling global financial markets.

China's factory sector contracted by the most in 15 months in July as shrinking orders depressed output, a preliminary private survey showed on Friday, a worse-than-expected result that comes on the heels of a stock market crash which began in June.

REUTERS