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China Seen Boosting Credit, Cutting Costs: News

CHINA PRESS
MNI (Beijing)

The People’s Bank of China is expected to enhance efforts to boost credit, reduce borrowing costs and prevent possible financial risks, the Shanghai Securities News reported Monday citing financial experts interpreting Premier Li Keqiang's work report delivered March 5. China's monetary policy will deploy both the overall and targeted tools to ensure ample liquidity and cheap funds, the newspaper said. China will also set up a financial stability guarantee fund to safeguard against systemic risks, it said.

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