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PBOC Sees No Need for Major Stimulus in Next Five Years: Yicai

CHINA PRESS
MNI (Sydney)

The PBOC sees no need for major stimulus to support China's economic growth for the next five years, and will keep money supply and the growth of total social financing on par with nominal GDP expansion, PBOC Deputy Governor Chen Yulu in an interview with Yicai. The central bank will not use the yuan's exchange foreign rate as a tool to gain competitive advantage, Chen said according to Yicai.

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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