People's Bank of China citied China's unprecedented economic challenges from the coronavirus pandemic

  • will resort to "more powerful" policies to counter the hit to growth
  • to pay more attention to economic growth and jobs among multiple targets

PBOC used its quarterly monetary policy implementation report released Sunday. to make the points.

  • prudent monetary policy will be more flexible and appropriate
  • will maintain liquidity at a reasonably ample level
  • The phrase "will avoid excess liquidity flooding the economy" was missing from the policy outlook section.