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‘Strong breakwaters’: China’s central bank vows to shield from external shocks

Central bank governor Pan Gongsheng has stressed the importance of China maintaining a sound monetary system that remains resilient to external shocks and systemic risks, signalling a focus on stability ahead of a key policy meeting. Pan said monetary policy must balance internal and external pressures, “primarily taking into account domestic economic and financial conditions”, while also factoring in the “spillover effects” from other economies, in an editorial for the Communist Party’s...


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