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China’s central bank vows ample liquidity and yuan stability in Q3 monetary policy report

Published by Seeking Alpha · United States 22 min ago
Igor Kutyaev/iStock via Getty Images
Igor Kutyaev/iStock via Getty Images · Seeking Alpha

Detailed summary

China's PBoC pledges counter-cyclical support, ample liquidity and targeted credit for demand, tech and small businesses; Shanghai shares gain 0.1%.

In its Q3 monetary policy report, the People’s Bank of China ((PBoC) pledged to intensify counter-cyclical adjustments, stimulate domestic demand, and optimize supply to foster sustained, high-quality economic growth.

The central bank reaffirmed a flexible, targeted, and forward-looking policy stance, committing to maintaining

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