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PBOC To Maintain Currency Stability

CHINA PRESS
MNI (Singapore)
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The People's Bank of China will effectively maintain currency stability and financial stability, while coordinating security with development and opening up, as well as balancing stabilising growth and preventing risks, according to an article by the Party Committee of the PBOC published on the party-run People’s Daily. The central bank will adhere to “steady and prudent” operations, instead of taking excessive risks beyond its capacity, the article said.

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The People's Bank of China will effectively maintain currency stability and financial stability, while coordinating security with development and opening up, as well as balancing stabilising growth and preventing risks, according to an article by the Party Committee of the PBOC published on the party-run People’s Daily. The central bank will adhere to “steady and prudent” operations, instead of taking excessive risks beyond its capacity, the article said.