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CHINA PRESS: There still is considerable room for monetary policy adjustment,
including changes in interest rates, reserve ratios and monetary conditions,
said Yi Gang, governor of People's Bank of China (PBOC), during his speech at
the G30 International Banking Seminar on Sunday, according to the newspaper
National Business Daily.
- The trade frictions with the U.S. will lead to negative expectations and
uncertainties, which will cause tension in the market, said Yi; but Yi is also
confident that the monetary policy tools at hand are sufficient to deal with
- China's current economic growth is stable, and is expected to reach or even
slightly exceed the target of 6.5% set for this year, Yi reiterated.