Securities Journal opinion piece says China to be more flexible on monetary policy

Front-page commentary in the national securities newspaper (sponsored by Xinhua News Agency)

  • China will maintain prudent monetary policy
  • Will be more flexible in implementing policy to keep balance between economic growth and structural deleveraging
  • China's economy sees more downward pressure as external uncertainties increase
  • China should further cut tax and fees to reduce corporate, households burden

That's the gist of it, conveyed via Bloomberg

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