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CHINA PRESS
MNI (Singapore)

The People’s Bank of China will increase the intensity of structural monetary policy tools to support small and micro enterprises as well as individual business owners, according to a statement on the central bank website on Saturday following the Q4 meeting of the Monetary Policy Committee. The effort includes implementing carbon emission reduction supporting tools and special refinancing to promote the clean use of coal. The prudent monetary policy will be more “initiative-taking,” forward-looking and independent, so to increase support for the real economy, the statement said. It will also enhance the flexibility of the yuan exchange rate, strengthen expectation management, and maintain the basic stability of the yuan at a reasonable and equilibrium level, the PBOC said.

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