PBOC will avoid a system-wide policy easing but will continue with targeted measures

A commentary piece in Financial News (PBOC-owned newspaper):

• PBOC will avoid a system-wide policy easing but will continue with targeted measures
• Said employment is still good and a broad easing of monetary policy will bring problems for future development
• Said the term, “flexible monetary policy,” stated in Q2’s monetary policy committee meeting statement meant targeted measures to help small businesses and boost private investment

via MNI