PBOC: China's economy gradually recovering

In its latest publication, the People’s Bank of China (PBOC) said that China's economy gradually recovering, as the overall demand improves from a low level.

Additional quotes

“Will not experience high inflation or typical deflation. “

“China's overall demand is recovering fast from a low level.”

“Expect output gap to narrow in H2, help stabilize prices.”

“Prudent monetary policy will be more flexible and appropriate.”