Via Bloomie:
China’s central bank said the economy and financial markets are generally stable, though the environment is still “complex,” adding separately that risk prevention should be given greater emphasis.
The People’s Bank of China also said the recovery in major developed nations is continuing, according to a statement released Tuesday after a meeting of the advisory monetary-policy committee led by Governor Zhou Xiaochuan. The language was a change from the first quarter report, which said the complexity of the economic environment shouldn’t be underestimated, and that the recovery in developed nations was accelerating.
