Peoples Bank of China out with their latest report 21 June 2016
- hopes to keep economic growth within reasonable range
- expects mild acceleration in inflation
- will strictly control addition of industrial capacity
- will proactively deal with zombie firms
- will effectively fend odd systemic financial risks
- will continue to promote market-based interest rate mechanism
- will improve FX rate formation mechanism
Going to take a while yet for all that to kick in.
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PBOC says downward economic pressures remain
