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CHINA PRESS: The PBOC will adjust its monetary policy based on the need to
stabilize economic growth and inflation and will do so with increased frequency
but on a reduced scale, the PBOC-run newspaper Financial News reported on
Monday. Citing Dong Ximiao, the chief analyst at XW Bank, the report said that
any policy adjustment was likely to be structural, including measures such as
adding liquidity to medium and small banks. Dong said another priority was to
strengthen financial support for private and small enterprises.