BEIJING (Reuters) -China’s central bank will guide financial institutions to expand support for consumption and foreign trade, it said in its monetary policy implementation report for the first quarter, which was released on Friday.
The People’s Bank Of China will maintain ample liquidity, prevent forex overshooting risks, keep consolidating the trend of stabilisation in the property market and study the rollout of guidance on financial support for consumption, the report said.
(Reporting by Beijing Newsroom; Editing by Aidan Lewis)
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