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WHY THE DELTA

"Lending support from financial institutions to micro and small businesses should be set at an appropriate degree so that such support will be sustainable," Li pointed out, "While keeping such lending reasonably sufficient, logjams in monetary policy transmission must be removed. Financial risks should be guarded against to make banking services for supporting the real economy more sustainable."

HONG KONG, Aug. 22 (Xinhua) -- The Basic Law of the Hong Kong Special Administrative Region (HKSAR) has provided Hong Kong residents with a better life and every resident should cherish the Basic Law and "one country, two systems," HKSAR Chief Executive Carrie Lam said in a video series released on Saturday.

"We urge certain U.S. politicians to take into account the well-being of the people in China, the U.S. and all other countries, heed calls from the international community, discard the obsolete Cold War mentality, view China and China-U.S. relations objectively, and work with China to bring bilateral ties back on the track of coordination, cooperation and stability, and to jointly safeguard world peace, stability and development," Zhao added.

Liquidity will be kept reasonably sufficient, without resorting to massive stimulus. Instead, the direct, structural monetary policy tools will be better leveraged to make sure the money goes to where it is needed the most and is primarily channeled to the real economy, especially to smaller firms.