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China’s monetary policy will provide the support necessary for its continued economic recovery in 2021, a vice governor at the People’s Bank of China (PBOC) said on Friday.
“The prudent monetary policy will be more flexible, targeted and appropriate, and will continue to maintain the necessary support for the economic recovery,” Chen Yulu said at a news conference, adding that the central bank will prioritise policy stability and avoid making sudden shifts.
Backed by tough coronavirus containment measures and emergency relief for businesses, the world’s second-largest economy has largely recovered to . . .
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