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China to stick to loose policy despite econ recovery

Published: 25 Oct 2009 17:54:12 PST

BEIJING, Oct 26 - China's economic recovery has been consolidated after performing better than expected, Vice-Premier Li Keqiang said on Monday.

Restating the thrust of a cabinet statement issued last Wednesday, Li told an international tax conference that China would nevertheless stick to its active fiscal policy and appropriately loose monetary policy.

Beijing started to ease policy aggressively a year ago to counter a slump in world trade, which Li said was still shrinking.


Source: Reuters

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