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W/C July 25, 2022

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CHINA PRESS: The PBOC should balance monetary policy targets of stable growth,
structural reforms and risk prevention so as to avoid economic fluctuations,
according to an article in the China Securities Journal. Guan Tao, a former
official at the State Administration of Foreign Exchange, wrote that the PBOC
should also increase countercyclical adjustments and resolve the risks in the
reform process instead of adopting zero interest rates or quantitative easing. 

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