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CHINA PRESS
MNI (Sydney)

China should stick to its prudential monetary policy to avoid asset bubbles, such as Bitcoin, which resulted from excess liquidity which disrupted markets, hurt the real economy and increased financial risks, the 21st Century Business Herald said in an editorial. Excess liquidity unleashed by the U.S. reflected the instability of the U.S. financial system, and China authorities must prevent a spillover effect and the imported inflationary pressure, the Herald said.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
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