MORE: China’s Li Tells Banks to Roll Over Loans If Appropriate

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China’s prudent monetary must be “flexible and effective,” Premier Li Keqiang said, according to a statement on the government’s website. * China must enhance targeted controls, structural reform * China has to introduce more financial measures to aid growth * China will push ahead with interest-rate and exchange-rate liberalization * China will push ahead with capital-account opening and start Hong Kong-Shenzhen stock link at appropriate time * China to enhance write off of non-performing loans * Li spoke during visits to China Development Bank and ICBC Friday


— With assistance by Xin Zhou

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