- China economy still faces many risks and challenges
- To further improve monetary policy framework, maintain policy continuity and stability
- To resolutely defend the bottom line of preventing systemic financial risks
- Will adjust intensity and pace of policy implementation according to the situation
- Will maintain ample liquidity
- To push for prices to remain at a reasonable level
- To continue to strengthen implementation and supervision of interest rate policies
- Will stabilise market expectations, resolutely deal with disruptions to the market order
A lot of token remarks as Beijing continues to reaffirm their support for the economy. The key wording is in the headline still as they continue to seek a more "moderately loose" monetary policy for now. Again, the challenge for China is having to revive domestic demand conditions while balancing that with deleveraging and also dealing with deflation risks.
