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PBOC to Be More Active in Boosting Credit Lending: Daily

CHINA PRESS
MNI (Singapore)

The People's Bank of China may be more active in boosting social financing and ensuring liquidity, the Economic Information Daily said commenting the central bank's Q3 monetary report. The PBOC removed its oft-repeated phrases in the Q3 report, including "not engaging in flooding-style" credit stimulus and "controlling overall monetary floodgate," said the newspaper owned by Xinhua News Agency. The central bank also showed structural loosening policy intention, it said. While developed economies have started peripheral tightening, China won't follow but will instead shift to more pro-growth given its worsening slowdown and expected fall in inflation, said the daily.

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