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China to increase counter-cyclical measures, deepen reforms of capital markets and small banks – financial stability committee

China will step up counter-cyclical measures and meanwhile balance the relationship between stabilising growth and preventing financial risks, said the Financial Stability and Development Committee under the State Council in a meeting chaired by Vice Premier Liu He on Thursday.

The government will increase “counter-cyclical” adjustments while resolving financial risks through more reforms, according to a statement summarising the meeting posted on the Chinese government website.

The statement came after latest data showed . . .

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