China’s economy stabilising and improving

Positive outlook: A bank employee holding yuan banknotes in an arranged photograph. The PBoC will boost exchange rate flexibility and keep the yuan stable at a reasonable level. — Bloomberg

BEIJING: China’s central bank provided a more positive outlook of the economy, saying it’s showing more stability and improvement even though domestic and global risks remain.

The People’s Bank of China (PBoC) will step up its coordination with global economic policies and prevent “external shocks, ” the monetary policy committee said in a statement Monday at the conclusion of its quarterly meeting.