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China says it will keep prudent monetary policy appropriate and flexible

BEIJING (Reuters) - China will keep its prudent monetary policy appropriate and flexible, state radio quoted the cabinet as saying on Wednesday.

China will guide more credit to the real economy, avoiding flood-like stimulus, the cabinet was quoted as saying.

The cabinet approved rules on market access for financial holding companies, state radio said.

Reporting by Judy Hua and Kevin Yao

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