Tuesday, China's central bank promised to maintain ample liquidity in the financial system and said the economy performed better than expected in the first quarter.

The bank said in a quarterly monetary-policy report that the government measures to revive the economy have started showing results. Those measures are expected to allow growth to remain stable and quite fast this year.

Elsewhere, People's Bank of China adviser Fan Gang said China's economy is expected to grow 7%-8% in 2009 and 2010. The Chinese economy grew 6.1% year-on-year in the first quarter, slower than 6.8% increase in the previous quarter.

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