BEIJING : China's central bank said on Friday it will step up implementation of its"prudent" monetary policy to support the economy hurt by the COVID-19 pandemic, keeping liquidity reasonably ample and maintaining credit growth.
Chinese leaders have pledged to focus on stabilising the economy in 2023 and step up policy adjustments to cushion the impact from a surge in COVID infections at a time when a weakening global economy is hurting exports. "We need to work hard to stabilise growth, employment and prices. We need to support the expansion of domestic demand and provide more forceful support for the real economy."
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