CHINA PLEDGES TO INCREASE LIQUIDITY
China will increase liquidity via open market operations and cutting banks' required reserves
to steer the economy towards soft landing. An official of People's bank of China has said that
the bank will raise reverse repo operations and cut reverse requirements at an appropriate time.
to steer the economy towards soft landing. An official of People's bank of China has said that
the bank will raise reverse repo operations and cut reverse requirements at an appropriate time.
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