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PBOC calls for rational view on headwinds, cautious to big-scale stimulus

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The People’s Bank of China called for a rational view on current economic pressure, indicating that Chinese policy makers will refrain from rolling out broad-based monetary stimulus and continue to count on targeted approach to shoring up the economy, to keep options in reserve as the trade war with the US escalates.

An “objective and rational view” should be taken on those headwinds, the PBOC said in the report released Friday evening. The central bank should “stay confident . . .

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