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Deutsche Bank WM: Expect tighter monetary policy, accommodative fiscal policy in China

Deutsche Bank Wealth Management expects tighter monetary policy and more accommodative fiscal policy in China this year, after the country’s leadership signalled its economic objectives and policy focuses during the 2017 National People Congress (NPC). “A weaker yuan will loosen monetary conditions, which is likely to be countered with tighter controls on interest rates to preserve some stability,” the bank says…

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