China's central bank also added that its monetary policy will be based on China's own conditions.
The Chinese regulator also said that prudent monetary policy should be flexible and appropriate, and should prioritize stability.
In regard to prices, the PBoC noted that China's inflation pressure is manageable.
In addition, the People's Bank of China repeated its pledge to keep the yuan exchange rate basically stable, as well as to fend off financial risks and keep liquidity reasonably ample.