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The PBOC's monetary policy this year....>

CHINA PRESS
CHINA PRESS: The PBOC's monetary policy this year has balanced the liquidity and
structural support, both maintaining the liquidity at reasonable and sufficient
levels and leading financial resources to small and micro enterprises, said
Financial News, an official publication of the PBOC, in a commentary. 
  - The PBOC has released liquidity of CNY2.8 trillion in the first six months,
easily exceeding a total of CNY1.76 trillion for the whole of last year, the
newspaper noted. 
  - An increase in medium- and long-term monetary policy tools lowered the
financing cost of enterprises. 
  - The bond market is stabilizing, while appropriate bond defaults will help
the market mature and develop healthily in the long term, the commentary said.

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