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China won’t follow West by easing monetary policy, says central bank chief

Summary:
[unable to retrieve full-text content]China will not follow Western economies by undertaking a large-scale monetary loosening, but will instead look to consumer price stability and exchange rates to help the economy recover, the central bank governor has said.“Implementing a normal monetary policy, i.e. a positive interest rate and a rising yield curve, is good to provide incentives for market entities and promote sustainable development of the economy and society,” Yi Gang wrote in an article published by China Finance magazine on…

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[unable to retrieve full-text content]
China will not follow Western economies by undertaking a large-scale monetary loosening, but will instead look to consumer price stability and exchange rates to help the economy recover, the central bank governor has said.“Implementing a normal monetary policy, i.e. a positive interest rate and a rising yield curve, is good to provide incentives for market entities and promote sustainable development of the economy and society,” Yi Gang wrote in an article published by China Finance magazine on…

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