PBOC says it can handle uncertainties

Shanghai, Shenzhen stocks increase despite imposition of tariff hike by US

The Chinese monetary authority is prepared to counter shocks disturbing the domestic financial market amid trade tensions, as central bank officials expressed their confidence to stabilize market sentiment on Friday.

"In the face of internal and external changes in the economic environment, Chinese monetary policy has ample room to deal with the uncertainties," said Sun Guofeng, director of the Monetary Policy Department of the People's Bank of China, the central bank.