China to maintain “moderately loose” policy

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The People's Bank of China said on Monday that it would maintain its moderately loose policy stance in a bid to support stable and speedy economic growth.

In a statement in Mandarin published on its website, the central bank said it would "continue to implement moderately loose monetary policy", adapt according to the evolving situation to increase the "effective and flexibility" of its work, and "implement policy with an emphasis on dynamic action".

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