China's Central Bank Vows Forceful Steps to Spur Growth, Deal With Risks
• China's central bank pledges to support domestic demand using "forceful and targeted" monetary policy • Bank will use variety of tools to ensure sufficient liquidity and keep prices "reasonably stable" • Bank notes challenges like imbalanced global recovery, unstable domestic recovery foundations • Bank will guide institutions to resolve local debt risks, notes urgency for faster economic transformation • Bank reiterates expectation to achieve around 5% growth this year