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China to Maintain Prudent Monetary Policy, PBOC’s Chen Says

  • Authorities plan to further open up financial sector: Chen
  • Trade tensions with U.S. has complicated outlook for China
Chen Yulu on March 5.
Chen Yulu on March 5.Photographer: Giulia Marchi/Bloomberg

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China will maintain a prudent monetary policy stance this year and keep the yuan in line with fundamentals as it uses fiscal tools to spur growth, according to central bank Deputy Governor Chen Yulu .