China to Resolve Risks in Property Market, Ensure Liquidity in Second Half, PBOC Says

language (Yicai Global) Aug. 2 — China will steadily resolve risks in key fields such as the real estate market and safeguard the stable growth of credit, the central bank said at its work conference for the second half of the year, which was held yesterday. In the second half, the central bank will ensure sufficient liquidity by using a variety of monetary policy tools, guide interest rates downward, keep the Chinese yuan exchange rate stable and support infrastructure construction, the People's Bank of China said. It will also implement differentiated credit policies targeting residential properties in the real estate…