China's central bank has pledged to adjust its monetary policy tools in a timely manner while maintaining an appropriately loose policy stance to support the economy. The PBOC also reaffirmed its commitment to ensuring ample liquidity, deepening financial market reforms and addressing local government debt risks as growth momentum weakens.

Data released in July showed economic growth at 4.3% in the second quarter, its slowest in over 3 years. Read more at straitstimes.com. Read more at straitstimes.com.

China's central bank has pledged to adjust its monetary policy tools in a timely manner while maintaining an appropriately loose policy stance to support the economy. The PBOC…