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By keeping its monetary policy prudent and within a normal range, China has been one of the few major economies in the world adopting normal monetary policy, China's central bank governor said.
Keeping a normal monetary policy, positive interest rates as well as upward yield curve is generally conducive to the sustainable economic and social development, Yi Gang, governor of the People's Bank of China (PBOC) wrote in an article published in the China Finance, a PBOC-affiliated magazine.
That also helps provide positive incentives for economic entities and maintain the global competitiveness . . .
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