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Ample Tools to Manage External Uncertainties: PBOC
The People's Bank of China (PBOC) has ample tools to deal with external and domestic uncertainties and will continue with structural measures to support private small businesses and stabilize economy, officials told reporters during a briefing Friday after Washington imposed higher tariff against Chinese exports. Here are some of the main takeaways: - The trade conflict with the U.S. has weighed on sentiment more than the real economy, and China has confidence that its economy will be stabilized, as supported by major indicators, including Q1 GDP, inflation and money supply, said Zhou Xuedong, spokesman and director ... (full story)