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CN Govt Work Report Calls for Flexible & Efficient Use of Policy Tools Such as RRR & Interest Rate Cuts
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Chinese Premier Li Qiang, on behalf of the State Council, delivered the government work report to the fourth session of the 14th National People's Congress, according to a report by Xinhua News Agency. In addition to proposing the continued implementation of a moderately loose monetary policy, the report emphasized that promoting stable economic growth and a reasonable rebound in prices should be key considerations for monetary policy. Various policy tools, such as RRR and interest rate cuts, should be used flexibly and efficiently to maintain ample liquidity, ensuring that the growth of aggregate financing to the real economy and money supply aligns with the expected targets for economic growth and overall price levels. AAStocks Financial News |
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