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PBOC and banking regulator deny 'turf war' reports

Chinese banking authorities criticized on Thursday two Financial Times reports for alledging a turf war between the People's Bank of China, the central bank, and China Banking Regulatory Commission is hampering policy coordination. "The PBOC and CBRC always coordinate with each other and work together to promote reform, development and stabilization in China's financial sector," said their joint announcement.

Government will ban imports of low-quality coal: Official