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China will not change its prudent.......>

CHINA PRESS
MNI (London)
CHINA PRESS: China will not change its prudent monetary policy, determined not
to flood the economy with excess liquidity and credit to spur growth, Premier Li
Keqiang told the State Council executive meeting Wednesday, according to the
government website.
- Li explained that the two reserve requirement ratio (RRR) cuts in January were
in line with market expectations, adding that China has plenty of room for RRR
cuts as the rate is higher than any other major economy. Liquidity has been
withdrawn properly during the cuts, the website cited Li as saying.
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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