China’s Su looks to clarify policy

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Su Ning, a deputy governor at the People's Bank of China, on Friday sought to clarify the central bank's monetary-policy stance, the source of some misunderstanding in recent weeks.

Su said in Beijing that the central bank would not change its policies but rather their "focus, intensity and pace".

"We've been conducting such fine tuning on a monthly, weekly and daily basis in line with the changing market situation," she said, adding that the central bank would continue to do so "in accordance w

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