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The low growth of M2 money supply.......>

CHINA PRESS
CHINA PRESS: The low growth of M2 money supply will not have a large negative
influence on the economy and the importance of stabilizing liquidity and
securitizing financial sector risks has not changed, the People's Daily said in
a commentary Monday. The deceleration of M2 growth has been a result of
financial deleveraging and effect of the movement of deposits out of instruments
included in the M2 gauge as financial innovation has diversified savings
options, the commentary noted. Given the background of prudential monetary
policy, a proper level of M2 will be maintained with the support of various
policy tools, the commentary argued, adding the market has no need to over-react
to the current M2 performance. (People's Daily)

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