BEIJING (Reuters) – China should fine-tune monetary policy in a pre-emptive way ,based on economic growth and price changes, the official Xinhua News Agency said on Monday, citing a top-level meeting chaired by President Xi Jinping.
Monetary policy should be kept neither too tight, nor too loose, Xinhua quoted the meeting as saying, adding that China will step up fiscal policy and strengthen macro counter-cyclical adjustments, a phrase that usually refers to efforts to reduce pressure on the slowing economy.
(Reporting by Beijing Monitoring Desk; Editing by Kim Coghill)