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China's Xi Jinping makes first known visit to central bank: Sources

IndiaTimes Tuesday, 24 October 2023
Chinese President Xi Jinping visited the People's Bank of China (PBOC) and the State Administration of Foreign Exchange (SAFE) in Beijing, according to sources. The purpose of the visit is unknown. China's economy grew faster than expected in the third quarter, but concerns remain about weakness in the private sector and the need for long-term reforms. The PBOC has been cautious about easing monetary policy due to fears of capital flight and depreciation pressure on the yuan.
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