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China not facing same pressure as US Fed to shrink balance sheet: PBOC adviser

Friday, June 23, 2017 - 05:50

Shanghai

CHINA'S central bank will not take action to shrink its balance sheet like the US Federal Reserve as it does not face the same pressures due to its use of different policy tools, an adviser to the People's Bank of China (PBOC) said on Thursday.

The Fed is looking to start

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