MNI BRIEF: China's Economy Continues Positive Momentum - PBOC

China’s economy continues to show positive momentum and steady improvement, with stable financial market operations, People’s Bank of China Governor Pan Gongsheng told attendees at the G20 Finance Ministers meeting in Washington, according to a statement on the banks website posted Friday.

The PBOC will implement a moderately accommodative monetary policy to promote high-quality development of the Chinese economy, Pan added.

China’s Loan Prime Rate (LPR) is likely to remain unchanged in October as the central bank holds the easing pace amid uncertainties from the economic slowdown and escalating China-U.S. trade tensions. (See MNI PBOC WATCH: Oct LPR To Hold, Trump-Xi Meeting)