BEIJING: China does not need strong policy stimulus as long as economic growth hovers within the government's targeted range, a policy adviser to the People's Bank of China said on Thursday, an indication Beijing will continue with targeted steps to support growth.
The remarks by Chen Yulu, a member of the central bank's monetary policy committee, came a day after a reported liquidity injection into China's major banks by the PBOC heightened speculation that Beijing was stepping up efforts to support a shaky economy.
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