People’s Bank of China makes growth top priority

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The People's Bank of China (PBoC) on August 2 published its Monetary Policy Report for the second quarter of 2012, which pulled improving economic growth in the country into sharp focus.

The central bank often repeats a mantra of balancing the three main objectives of maintaining steady and rapid growth, adjusting the economic structure and managing inflation. However, in the latest report, wording was added emphasising the need to stabilise growth in the economy. The PBoC also reiterated the pr

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