September 1, 2019 / 12:19 PM / 3 months ago

China will maintain prudent monetary policy

BEIJING (Reuters) - China will increase counter-cyclical adjustment of macroeconomic policies and will maintain a prudent monetary policy, China State Council said in a statement on Sunday.

China will keep liquidity reasonably ample and keep appropriate growth in social financing, the government said following a meeting of the Financial Stability and Development Commission (FSDC) on Aug 31, Saturday.

It will implement a proactive fiscal policy and will better integrate fiscal, financial and monetary policies.

Reporting by Shivani Singh, Yawen Chen and Judy Hua; Editing by Raissa Kasolowsky

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