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A statement issued by China State Council’s Financial Stability and Development Commission says the external uncertainties are on the rise and the world’s second-largest economy needs to focus on the effective transmission of monetary policy to the real economy.  

Key points (Source: Reuters)

  • To make positive use of fiscal policy
  • Will continue to crack down on illegal financial activities, institutions
  • Current macro leverage levels for China stabilizing
  • Will balance stabilizing growth and risk prevention