China to focus on reforms, opening of capital market

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China will continue to implement prudent monetary policy and focus on “mild adjustment and fine-tuning” to ensure the monetary policy is effective to support the country’s economic growth, the People’s Bank of China said on Friday.

Monetary supply was kept at an appropriate level, which was neither too loose nor tight last year and China will continue to push market-driven financial reforms and to further open the capital market to better serve the economy and to mitigate possible financial risks, the central bank said in a press statement.

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