PBOC to ensure 'soft landing'

China's central bank will maintain its cautious stance on further monetary policy moves to ensure that the nation's fast-growing economy enjoys a "soft landing," Monday's China Daily quoted a leading official as saying.

People's Bank of China Vice-Governor Guo Shuqing said that macroeconomic measures already taken have "had quite some effect," meaning that further action, such as an interest rate rise, "should be considered prudently."

"We need some further observation," Guo told a seminar orga

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