PBOC's Gang says China to step up liquidity fight

A senior official at the People's Bank of China said on Sunday 4 February that China had mopped up much of the excess liquidity derived from massive trade and investment flows but must stay alert to keep money supply and credit in check.

Yi Gang, assistant governor of the PBOC, told a forum in order to hold down the value of the yuan, the central bank has issued around 6.4 trillion yuan to buy inflows of $780 billion between 2003 and 2006.

"Liquidity conditions remain relatively loose, although

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