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PBOC Signals More Proactive Growth Policy in Report: Newspaper

CHINA PRESS
MNI (Singapore)

The People’s Bank of China indicated its monetary policy will be even more proactive and continue to support growth in a report released on Friday, as it mentioned “greater force of cross-cycle adjustment” in its quarterly paper last week, the Financial News newspaper said citing analyst Xie Yunliang at Xinda Securities. January’s higher-than-expected credit data released last week also point to a short-term economic rebound, the newspaper said citing economist Li Chao of Zheshang Securities.

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