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The PBOC also said it would ensure effective bilateral currency swaps to facilitate trade and investment, and improve currency exchanges to help foreign investment into China's stock market.

The NPC Standing Committee's decision also serves as a good reference for future handling of similar cases, Zhang said.

The PBOC statement in its quarterly monetary policy report will help remove concerns that a "normalized policy" would lead to tight financial conditions, as the economic recovery has been faster than expected, experts said on Friday.

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The New York Stock Exchange (Bigstock Photo)

The Navigator Concept, designed to respond to customer needs with the nameplate's most spacious cabin and strong performance, shows the marque's vision of bringing Quiet Luxury to fullsize SUV customers.

The NBS attributed the monthly decline in CPI to lower food prices, which dropped 1 percent month-on-month in June.

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The NIPA attributed the progress to stronger legislation and tough response to breaches.

The Nanchang People's Procuratorate initiated prosecutorial proceedings against her in September.

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The Northern Gateway project is led by Manchester Place, a joint initiative between Manchester City Council and the UK Government's Homes and Communities Agency.

The PBOC may continue to encourage commercial banks to lower their interest rates for savings, which will create more room for reducing lending rates, the report said.