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PBOC To Increase Countercyclical Measures

CHINA PRESS
MNI (Singapore)

The People’s Bank of China will strengthen countercyclical adjustments and take maintaining price stability and promoting a moderate price rebound as important considerations, said PBOC Governor Pan Gongsheng at the China Development Forum. Ample policy space and a rich reserve of tools exists, he said. Pan added there have been some positive signals in the real-estate market, and volatility has had limited impact on the financial system. (Source: PBOC Website)

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