Chinese Growth Prospects Improved, Policy Still Prudent

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Chinese central bank governor Zhou Xiaochuan said growth prospects have improved in the world's second-largest economy, but its monetary policy remains prudent and neutral, the International New York Times reported on a Reuters story. Earlier this week, China published upbeat data showing its economy got off to a strong start to 2017, supported by bank lending, a government infrastructure spree and a long-sought resurgence in private investment. "China's economic growth rate is stable overall, with growth prospects improving," Zhou said, according to a post on the People's Bank of China's website on Saturday. Read more.(Subscription required.)