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The neutral bias intended for...........>

CHINA PRESS
CHINA PRESS: The neutral bias intended for monetary policy next year means that
liquidity conditions will not tighten, considering that the financial sector is
expected to shrink under strict regulation, the official People's Daily reported
Monday, citing Lian Ping, chief economist of the Bank of Communications. The
neutral principle requires regulators to use multiple tools to stabilize
volatility in liquidity conditions and resolve potential crunches, Lian said,
noting that monetary policy will maintain liquidity conditions at an appropriate
level and stabilize lending rates. Deleveraging efforts will continue, and
expected new regulations will target the off-balance sheet transactions of
banks, financial technology firms and so-called zombie companies, Lian
predicted. (People's Daily)

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