China says banking system liquidity in the country "remains ample" and notes that June M2 growth...

|By:, SA News Editor

China says banking system liquidity in the country "remains ample" and notes that June M2 growth of 14% is close to "the full-year target of 13%." In an effort to allay concerns about a cash crunch, the PBOC said Sunday it will "use a mix of price and quantitative policy tools to adjust liquidity in the banking system" in order to ensure prudent "growth in money, credit and social financing."