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The PBOC's Q1 monetary report...........>

CHINA PRESS
CHINA PRESS: The PBOC's Q1 monetary report released on Friday has re-emphasized
the importance of structural de-leverage amid the increasing macro leverage
ratio for the quarter, according to Ming Ming, chief analyst at CITIC Securities
in a commentary published Monday. Ming said the PBOC monetary report emphasized
that structural de-leveraging should be coordinated with monetary policy which
considered credit growth, economic growth and inflation. The PBOC also
reiterated its view that there is still downward pressure on the domestic
economy, and Ming said the report paid more attention to external headwinds
including the slowing global economy and trade friction. 

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