China c.bank sees risks, uncertainties persisting

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New problems and uncertainties are constantly emerging in the financial sector in the wake of the global credit crunch, the People's Bank of China said on Monday.

In a statement on its website, www.pbc.gov.cn, the central bank said it would strive for a prudent regulatory framework and keep a close eye on global financial and economic changes.

It issued the statement following a work meeting in the southern city of Guangzhou devoted to preserving financial stability in China, which it described as a tough task.