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China central bank bears with market pain in leverage squeeze

But economists say PBOC won't clamp down so hard it endangers the growth target of above 6.5%

PBOC deputy governor Chen Yulu said that China will pursue "neither loose nor tight" monetary policy to ensure basically stable liquidity.


THE People's Bank of China (PBOC) has surprised many with its tolerance for market pain as it squeezes leverage in parts of the financial system.

But rest assured, China won't clamp down so hard it endangers President Xi Jinping's goal of keeping growth above 6.5 per cent,...

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