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China still has sufficient monetary policy space and tools, and is the only country that still leveraged conventional monetary policy, according to Ma.
China will continue to be world economy's stabilizer in 2019 with uncertainty in the first half of the year and relatively stable status in the second half, an expert said in Beijing on Saturday.
China is willing to align its Belt and Road Initiative with the development of SCO member countries so that the organization can be seen as a model of open cooperation and shared development, Li said. All member countries should work under the Shanghai Spirit, the set of values that underpins the SCO, to further promote mutual trust and benefits and create a better future for the organization, he added.
China last month purchased 100 million metric tons of iron ore, up by 9.3 percent year-on-year, 40.64 million metric tons of crude oil, an increase of 19.6 percent, and 1.19 million metric tons of steel, up by 8.9 percent, from overseas markets.
China still has sufficient monetary policy space and tools and is the only country that still leverages conventional monetary policy, said Ma. "The PBOC has not yet used up all of its bullets at the same time."