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China should continue with its..........>

CHINA PRESS
CHINA PRESS: China should continue with its structural de-leveraging because
high levels of leverage create macroeconomic and financial vulnerabilities,
according to a report in the PBOC operated Financial News. Citing Dong Ximiao, a
researcher at the National Institution for Finance & Development, the report
says that monetary policy should remain stable as macro leverage ratios rise.
Dong said that Chinese policy should avoid the pursuit of stimulus with a "flood
of credit" and financial resources should be withdrawn from inefficient sectors.

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