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China to maintain prudent monetary policy – deputy PBOC governor

China will maintain a prudent monetary policy stance this year said a deputy governor of the PBOC in a statement to the International Monetary and Financial Committee, who also denounced protectionism in a swipe at US trade policies.

Chen Yulu said Chinese economy has been generally stable and “prudent monetary policy will be neutral in general,” the deputy governor said. “China will pursue a proactive fiscal policy with greater intensity and enhance its performance, focusing on cutting taxes and fees on a larger scale.”

He reiterated that China's monetary policy will be neither too tight nor too lose to . . .

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