China's Cabinet to guide lending rates lower, avoid flood-like stimulus
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[BEIJING] China's Cabinet on Monday said that lending rates will be guided lower and China would not resort to a flood-like stimulus, state TV said.
In a meeting chaired by Premier Li Keqiang, the Cabinet said that macro policies will be made more targeted and effective, and liquidity will be kept reasonably ample, according to China Central Television.
REUTERS
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