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Central bank to keep appropriate liquidity

China's central bank said on Monday that it would use various policy tools to maintain appropriate liquidity and reasonable growth in credit and social financing. The People's Bank of China will continue with a prudent monetary policy and keep its stance neither too loose nor too tight, it said in a statement after the Q2 monetary policy committee meeting. It said the central bank would improve financing and credit structures, increase the proportion of direct financing and reduce social financing costs.