China has room to manoeuvre monetary policy – party official

BEIJING : China has no apparent inflation or deflation at the moment, and it has a relatively large amount of room to manoeuvre monetary policy, a senior Communist Party official said on Saturday.

China is confident of reaching the annual economic growth target of around 5 per cent, Han Wenxiu, deputy head of the party’s office for financial and economic affairs, said at a China Development Forum in Beijing.

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