Central Banking

Chinese government and central bank identify targets for progress

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The People's Bank of China has published a document outlining discussions from a weekend government planning meeting. In it, aims are set out for the progression of the financial sector and, in particular, the central bank.

The People's Bank of China is set to maintain "prudent" monetary policies in 2012, to support growth in the economy, the document states. Governor Zhou Xiaochuan attended the gathering, which covered development of financial industries and markets over the next five years in

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