China to fend off any "black swan" events in its financial markets
BEIJING, Sept 10 (Reuters) - China will ensure stable and
healthy development of its stock, bond and currency markets, and
fend off any "black swan" or unforeseen, events, the cabinet
said on Monday.
China will keep monetary policy prudent and neutral while
fine-tuning it in a pre-emptive way, the cabinet said in a
statement on the government's website, following a meeting of
the Financial Stability and Development Commission (FSDC) on
Earlier this month, a Chinese Communist Party journal said
China may experience near-term pain from trade frictions with
the United States, including a negative impact on financial
(Reporting by Ryan Woo
Editing by Shri Navaratnam)
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