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Coronavirus: China central bank primed for stimulus boost as pandemic continues to plague economy

Summary:
[unable to retrieve full-text content]China’s central bank promised at the weekend to implement greater policy support to offset the economic damage of the coronavirus pandemic, but continued to indicate its reluctance to enact a massive stimulus effort like that following the global financial crisis in 2008.The statement from the People’s Bank of China (PBOC) comes amid increasingly heated debate between Beijing’s top policymakers about the appropriate scale of an economic rescue package and how to pay for it. The discord has…

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[unable to retrieve full-text content]
China’s central bank promised at the weekend to implement greater policy support to offset the economic damage of the coronavirus pandemic, but continued to indicate its reluctance to enact a massive stimulus effort like that following the global financial crisis in 2008.The statement from the People’s Bank of China (PBOC) comes amid increasingly heated debate between Beijing’s top policymakers about the appropriate scale of an economic rescue package and how to pay for it. The discord has…

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