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No flood-like stimulus next year, but there remains room for RRR cut, said PBOC advisor

China will not resort to "flood-like" stimulus in monetary policy next year, but it will consider more cuts to commercial banks’ reserves, said a central bank adviser on Tuesday.

"Monetary policy will remain prudent and there won't be a 'flood', otherwise, funds will flow into the real estate sector again," said Sheng Dongcheng, an advisor to the People's Bank of China, in an interview with the 21st . . .

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