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China's top leadership vowed to pursue high-quality development at the 19th CPC National Congress last year. To that end, China will tolerate a moderately lower growth rate this year to focus on reform and financial regulation, Liu said. "It will continue to control shadow banking, cut corporate debt levels and tighten financing of local governments."
China's proposed tariffs on US soybean and pork will have limited impact on domestic consumer inflation measured by the consumer price index, he added. Estimates show that if domestic soybean prices rose by 25 percent, China's CPI will still be kept at an average of 2.4 percent, well below the control target of 3 percent, for this year. Considering the fact that China can import such products from other countries, the real effect will be even smaller, Wang said.
Chinese President Xi Jinping (R, front), also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, shakes hands with senior military officers stationed in Zhangjiakou city, North China's Hebei province, Jan 23, 2017. Xi visited the 65th Army Group stationed in northern China's Hebei province on Monday.[Photo/Xinhua]
China's prudent monetary policy will be neither too tight nor too loose, said a statement issued Monday after a State Council executive meeting.
Chinese Ambassador Liu Xianfa on Tuesday made a courtesy call to the headquarters of the ruling Jubilee Party In Nairobi, Kenya. He highlighted the structure of the CPC party and the roles of its leaders. [Photo by Lucy Morangi]
来源：资阳报