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CHINA PRESS: The People's Bank of China (PBOC) will establish an incentive-based
mechanism to encourage banks to actively increase lending to the real economy,
instead of using administrative measures like setting targets or assigning
orders, Xinhua News Agency said citing the central bank's Governor Yi Gang.
- The PBOC will try to channel liquidity into the real economy from both supply
and demand sides, including taking measures to help banks' top up capital,
Xinhua said citing Yi.