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PBOC to Boost Credit Growth, Lower Lending Costs: Governor

CHINA PRESS
MNI (Singapore)

China's banking system should further lower businesses' financing costs, strengthening the growth of credit and loans and optimizing the lending structure, PBOC Governor Yi Gang said at a meeting with banking financial institutions on Thursday, according to a statement on its website. The central bank will also step up the "cross-cycle adjustment" efforts and "comprehensively" plan for the economy's transition into next year amid the current slowdown, said Yi. The PBOC will strive to improve financial services for the real economy, Yi said.

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