China should continue its current prudent monetary policy and maintain appropriate liquidity in 2014, the monetary-policy committee advising the People’s Bank of China (PBoC) said on Tuesday, according to Xinhua news agency. The central bank should keep money supply and total social financing (TSF) growth at a reasonable pace, and optimize financing and credit structures, authorities were quoted as saying after a regular quarterly meeting of the committee. The PBoC should embed reforms in its daily macroeconomic management and continue improving the efficiency of China’s financial market, it said. In addition, the committee urged more work on interest rate liberalization and renminbi exchange rate regime reform, the report said.
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