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China will make monetary policy more flexible, targeted in second half - central bank

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08/03/2020 | 06:22am EDT
FILE PHOTO: Headquarters of the PBOC, the central bank, is pictured in Beijing

China's monetary policy will be more flexible and targeted in the second half of the year, the central bank said on Monday.

China will actively and steadily push forward yuan internationalisation and capital account convertibility, the People's Bank of China said in a statement on its website

(Reporting by Lusha Zhang, Judy Hua and Kevin Yao; Editing by Kevin Liffey)

Stocks mentioned in the article
ChangeLast1st jan.
BANK OF CHINA LIMITED -1.65% 2.39 End-of-day quote.-28.23%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) -0.01% 6.8147 Delayed Quote.-2.07%
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