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China to implement prudent monetary policy – PBOC

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The People's Bank of China (PBOC) said it will continue to implement prudent monetary policy but that doesn't mean the monetary condition will be maintained unchanged, according to the PBOC's monetary policy implementation report for the fourth quarter of 2018 released on Thursday.

The central bank will reinforce counter-cyclical adjustment according to the changes in situations in order to smooth economic cyclical fluctuations, said the PBOC.

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