PBOC says macro-controls producing desired effect

The People's Bank of China said in a statement posted on its website Wednesday 4 October that its macro-controls to slow the country's overheated economy have started to produce the intended effect.

In the statement the central bank said the most recent quarterly meeting of the bank came to the conclusion that "the general situation of China's economy is quite healthy, and that the macro-controls are starting to have their intended effect."

The central bank said China will "actively stimulate d

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