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PBOC pledges more flexible, targeted monetary policy

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The People's Bank of China on Thursday pledged to make monetary policy more flexible and targeted to achieve a long-term balance between stabilizing growth and preventing risks.

More focus will be placed on supporting the recovery of the real economy and sustainable development, the PBOC said in its second-quarter monetary policy report, vowing to apply and innovate multiple policy tools to maintain reasonable and sufficient liquidity.

The central bank stressed efforts to . . .

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