China's central bank to keep monetary policy stable

BEIJING, Aug. 9 (Xinhua) -- China's central bank on Monday said it will maintain the stability of monetary policy and make it more forward-looking and effective, to render strong support to the real economy while avoiding a "flood-like" stimulus.

The bank will coordinate macroeconomic policies for 2021 and 2022, boost high-quality development with moderate monetary growth, and support the continuous recovery of