China press: PBOC unlikely to inject large-scale liquidity into the market

Xinhua News Agency reported a story via MNI, citing that the Chinese central bank is unlikely to make large-scale injections into the market.

Key Headlines:

China unlikely to inject large-scale liquidity into the market

Policy makers have promised a neutral monetary environment for supply-side reforms

Substantial monetary easing will cause excessive liquidity & dampen government efforts to reduce overcapacity