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China's potential economic growth rate is still seen in the 5-6% range, with conditions to implement normal monetary policies, wrote Yi Gang, governor of the People's Bank of China in an article published by a PBOC-run magazine Journal of Financial Research.

The country will extend the time for normal monetary policy as long as possible, and there is no need to implement asset purchase operations at this time, Yi added. In the article, Yi also noted that the yield curve can also maintain a normal, upward shape.