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China’s Central Bank Vows Greater Support for Real Economy

  • PBOC said there’ll be more ‘proactive’ use of policy tools
  • Policy makers reiterate credit growth will be kept stable
People's Liberation Army soldiers stand in front of the People's Bank of China in Beijing, China.

People's Liberation Army soldiers stand in front of the People's Bank of China in Beijing, China.

Photographer: Andrea Verdelli/Bloomberg
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China’s central bank pledged greater support for the real economy, and said it will make monetary policy more forward-looking and targeted.