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PBOC Vows to Support Stable Financial Mkts with Moderately Loose Monetary Policy
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Xuan Changneng, Deputy Governor of the People's Bank of China (PBOC), recently attended the ASEAN Plus Three (ASEAN+3) Finance and Central Bank Deputies' Meeting in Kuala Lumpur, Malaysia, representing China as the co-chair of the ASEAN+3 financial cooperation mechanism to lead related discussions. The finance and central bank deputies from China, Japan, and South Korea held concurrent meetings to exchange views on the economic situation and regional financial cooperation. In the face of rising global uncertainties, Xuan pointed out that the PBOC will implement a moderately loose monetary policy to support the stable operation of financial markets and consolidate the momentum of continuous economic recovery. AAStocks Financial News |
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