People’s Bank of China
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East Asia
Prudent monetary policy to continue in China
Despite seemingly contradictory priorities, China will continue to pursue a prudent monetary policy that ensures sufficient liquidity to support economic growth and prevent financial risks as well as keep the renminbi’s exchange rate at a reasonable equilibrium, Chinese officials said on Sunday, March 10. At a wide-ranging press conference on…
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East Asia
Chinese economy runs stable despite of mounting global protectionism
Chinese economy has been running in a stable pace in the first half of 2018, despite of the rising tide of trade protectionism and the uncertainties emerging in the process of global recovery. The International Monetary Fund (IMF) forecast in late July that China’s economy will grow 6.6 percent in…
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