China seeks policy mix to boost economic resilience - Xinhua

China has been contemplating a policy mix comprising diversified monetary tools, fiscal support and a firm commitment to the economy running within an appropriate range, per Xinhua News Agency.

Key quotes

“Owing to a low comparison base and consolidating recovery, China's economy expanded 12.7 percent year on year in the first half of 2021.”

“But the evolving COVID-19 pandemic and unbalanced domestic rebound still call for more attention on downward pressures.”

“The proactive fiscal policy should generate a greater effect, while the prudent monetary policy should maintain reasonably ample liquidity and support the continued recovery of small and medium-sized enterprises as well as industries under stress.”

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