BEIJING, (Reuters) – China’s central banking said Monday that it will increase support for the real economic sector. It also plans to closely monitor domestic inflation and track policy changes made by other developed countries.

According to the People’s Bank of China’s first-quarter monetary policies implementation report, the bank stated it would keep liquidity adequate, promote stability and increase confidence.

China’s economic activities will remain within a reasonable range of normal, according to the central bank. It also stated that China would not resort flood-like stimuli and won’t use property for short-term stimulation.