To keep liquidity ampleThe external situation remains unstable and uncertainChina's economy is facing many risks, challengesNeed to consolidate the economic recoveryTo strengthen transmission of monetary policyTo maintain prices at a reasonable levelWill stabilise growth, jobs, expectations; maintain forex flexibilityTo increase efforts to support consumption, tech innovationThere's nothing new here as the PBOC continues to reaffirm their pledge to keep more easy monetary policy conditions in trying to prop up the economy. Sentiment in China has definitely improved this year and avoiding a trade war with the US is definitely helping. However, domestic demand remains weak - if not dead in the water - and that is still the biggest problem that Beijing is facing. This article was written by Justin Low at investinglive.com.