(Yicai Global) Oct. 2 -- China will implement a prudent and neutral monetary policy and maintain a balance between interest rate, exchange rate and foreign currency assets, the country's central bank said, adding that domestic demand is increasingly driving growth.

The People's Bank of China will uphold control over the floodgates of monetary supply and keep liquidity at a reasonable and ample level, it said in a press release on Sept. 29 after its monetary policy committee had gathered for a quarterly meeting.

A stable exchange rate of the Chinese yuan and market expectations strengthened the country's capabilities to counter external shocks, PBOC said.

Editor: Emmi Laine