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MNI BRIEF: PBOC to Boost Demand while Furthering Reform: Off'l

MNI (Singapore)

The People’s Bank of China will fully utilize aggregate and structural monetary policies and support a financial system that helps to increase residents' income growth and purchasing power, Deputy Governor Liu Guiping said at the Global Asset Management Forum in Shanghai on Saturday.

China's economic development faces pressure amid exports uncertainty, weak consumption, and slowing investments, Liu said. PBOC should both expand domestic demand and deepen financial structural reform, Liu said, according to an official transcript.

The central bank will ensure the smooth transmission of monetary policies and provide effective capital supply for growth, Liu added.

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