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China Regulator Says Banks Will Go ‘All Out’ to Bolster Lending

  • CBIRC will use policy tools ‘flexibly’ to stabilize economy
  • Ex-finance official says China can widen deficit for stimulus
Lou Jiwei in 2016.
Lou Jiwei in 2016.Photographer: Andrew Harrer/Bloomberg
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An official at China’s banking and insurance regulator said authorities will use policy tools “flexibly and precisely” at proper times to stabilize the economy, while banks and insurers will “go all out” to bolster funding.