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China central bank to 'adjust' liquidity for stability

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(Globalpost/GlobalPost)

China's central bank said Friday it would "adjust" liquidity to ensure stability after a weeks-long squeeze that has rattled financial markets.

"The PBoC (People's Bank of China) will use all sorts of instruments and measures to adjust the overall liquidity level, so as to ensure the overall stability of the market," bank head Zhou Xiaochuan told a financial forum in the commercial hub of Shanghai.

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http://www.globalpost.com/dispatch/news/afp/130628/china-central-bank-adjust-liquidity-stability