PBOC Governor pledges flexible, targeted policy, vows to honor trade deal with US

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Chinese monetary policy will be more flexible, appropriate and targeted in the second half of the year, People’s Bank of China (PBOC) Governor Yi Gang said in an interview with Xinhua News Agency.

Credit growth should be significantly higher than that last year, Yi said. The central bank should control the rate of growth while encouraging reasonable credit expansion to smaller companies, and also improve the structure of loans.

“No matter how international situation changes, the most important thing is that we take care of our own affairs and firmly deepen financial . . .

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