The central bank will make its policy more "precise and forceful", while guiding financial institutions to cut real lending rates and reducing financing costs for firms and individuals, Pan said in the report published on the bank's website.
China's economy grew at a faster-than-expected rate in the third quarter, while consumption and industrial activity in September also surprised on the upside, suggesting a recent flurry of policy measures is helping bolster a tentative recovery. It will steadily push forward its yuan internationalisation scheme, establish a risk warning and control system for overseas investment and safeguard the country's foreign currency assets, he added.
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