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China monetary policy to remain prudent

Updated: Mar 22,2015 4:01 PM     Xinhua

BEIJING — China will stick to a prudent monetary policy despite a recent rate cut and a reduction in the reserve requirement ratio, China’s central bank Governor Zhou Xiaochuan said on March 22.

Monetary policy needs to support growth as well as helping structural adjustments, Zhou said. China’s QFII scheme was not flexible enough and reform measures were being planned, he said.