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China cenbank vows to support prices to rise moderately -PBOC-backed publication
BEIJING, Sept 13 (Reuters) - China's central bank will support prices to rise moderately, the Financial News, a publication backed by the People's Bank of China (PBOC) said on Wednesday.
The PBOC will ramp up coordinating fiscal and industrial policies and strengthen the guidance of expectations, while closely monitoring the effects of financial policies, the report said.
China's consumer prices returned to positive growth in August as deflationary pressures eased amid signs of stabilisation in the economy. (Reporting by Beijing Newsroom; Editing by Tom Hogue)
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