China’s Central Bank Warns of Inflation Risks as CPI Climbs

(Bloomberg) — The People’s Bank of China (PBOC) said it will safeguard the economy against inflation threats, pledging to avoid massive stimulus and excessive money printing to spur growth.

The central bank will support economic growth and ensure stable prices, the PBOC said in its quarterly monetary policy report released Wednesday. At the same time, it will provide stronger and higher-quality support to the real economy, it said.