China plans to take a more prudent stance on monetary policy

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The Political Bureau of the Communist Party of China Central Committee said the country's monetary policy will go from being relatively loose to more prudent in 2011. Macro-regulation needs to be "more targeted, flexible and effective," the committee said in a statement. "The conditions in China provide a sound base for stable and fast growth next year, but the country will face many difficulties and challenges," it said.

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