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Premier Li Keqiang

China to keep ‘prudent’ monetary policy amid trade war

BEIJING: China’s central bank said on Saturday it will maintain its “prudent and neutral” monetary policy while keeping an ample level of liquidity amid a trade war with the United States. The yuan’s exchange rate and market expectations remain generally stable, giving the world’s second largest economy a stronger ability to counter external shocks, the People’s Bank of China said after its third-quarter monetary policy committee meeting, according to the official Xinhua news agency. Amid warnings about China’s massive…