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China should allow macro leverage ratio to temporarily rise, GDP to grow faster in Q3: PBOC official

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China's credit growth so far this year has been within a reasonable range and the country's GDP is expected to grow at a faster pace in the third quarter, said Ran Jianhong, head of the statistics department of the People's Bank of China (PBOC) at a news briefing on Wednesday.

"We are currently facing special situations, so increases in macro leverage ratio reflects the government's support for the economic recovery," said Ruan. "Authorities . . .

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