China's central bank sticks to prudent monetary policy
(Xinhua) Updated: 2014-10-05 20:32
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| Central bank in a monetary dilemma |
After its monetary policy committee concluded its quarterly meeting.the People's Bank of China (PBOC) said it will closely watch new developments in the domestic and international economy and finance as well as changes in international capital flows.
The Chinese economy is running within a "proper range" with prices remaining stable, but the world's second-largest economy is still faced with complicated situations, meeting participants said.
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