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PBOC To Implement Prudent Monetary Policy - News

CHINA PRESS
MNI (Singapore)

The People’s Bank of China will implement prudent monetary policy and strengthen cross- and counter-cyclical adjustments, the PBOC-run newspaper Financial News reported citing PBOC Deputy Governor Pan Gongsheng. Pan also said the PBOC will create a favorable financial environment for promoting economic growth, expanding employment, stabilizing prices, and maintaining the balance of payments. It will give more prominence to the prevention and control of financial risks, and improve the early warning and disposal of financial risks, Pan was cited as saying.

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