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PBOC pledges to increase counter-cyclical measures, warns on inflation

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China’s central bank said it will “increase counter-cyclical adjustment” to ward off downward pressure on the economy, while staying vigilant on the possibility of expectations that inflation may spread.

The economy faces greater difficulties as investment growth slows and industrial production remains sluggish, the People’s Bank of China (PBOC) said in its third-quarter monetary policy report released Saturday.

The central bank highlighted an increase in challenges from the previous report in . . .

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