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China to fine-tune monetary policy as economy recovers faster than expected

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China should fine-tune monetary policy in a pre-emptive way based on economic growth and price changes, reported the state-run Xinhua News Agency on Monday.

“Monetary policy needs to be neither too tight, nor too loose and should be fine-tuned in a timely and pre-emptive way based on economic growth and changes in price situations,” Xinhua quoted a statement following a meeting of Central Financial and Economic Affairs Commission chaired by President Xi Jinping.

The report . . .

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