THE People's Bank of China (PBOC), the country's central bank, has conducted three major monetary policy adjustments to precisely support economic growth this year, and it will continue to strengthen countercyclical and cross-cyclical adjustments to consolidate the economic recovery, said PBOC Governor Pan Gongsheng.

China's financial system is stable overall, with risks in key sectors being resolved in an orderly fashion, Pan said in an interview with state broadcaster China Central Television on Saturday.

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