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According to the Securities Journal, a national business paper operated by the state-run Xinhua News Agency, China is set to become more flexible in their adjustment of monetary policies while they look to keep the economy on-balance while also encouraging deleveraging.

Key highlights

China will continue to maintain prudent monetary policy.

Will become more flexible in implementing policies that are meant to strike a balance between economic growth and structural deleveraging.

External uncertainties could create more downside pressure on the Chinese economy.

China should cut more taxes and fees to reduce corporate and household cost burdens.