China central bank vows to stabilize market expectations

China's central bank promised to "stabilize financial market expectations" on Tuesday, saying it will head off risks in the latest show of official resolve to keep the economy on an even keel. Without referring to the shakeout in China's stock market which has slumped about a quarter since early June, the People's Bank of China (PBOC) said it would improve its warning system for risk. Authorities would "pay attention to stabilizing financial market expectations", the central bank said in an onli