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Trading news
15 Aug 2016
PBOC's Ma: China should weaken its focus on GDP in the future
People's Bank of China (PBOC) chief economist Ma published a note, via Bloomberg, over the weekend, expressing his take on the Chinese economy.
Key Quotes:
“China's fundamentals support stable foreign exchange rate”
“China should weaken its focus on GDP in the future”
“Corporate debt ratio quite high by international standards”
“Slowing growth in M2 hasn't affected China's economy”