People's Bank of China's chief of research Xu Zhong on the Bank and the economy:
- cannot mix up short-term macro policies with reform goals
- downward pressure on china's economy has significantly increased
- downward pressure on China's economy caused partly by previous policy adjustments
- Should strengthen policy coordination, avoid one-size fits all policies
OK, so with that headline comments you can expect a little more looser approach to policy from the bank to continue
