China State Council: External uncertainties are increasing

A statement issued by China State Council's Financial Stability and Development Commission says the external uncertainties are on the rise and the world's second-largest economy needs to focus on the effective transmission of monetary policy to the real economy. 

Key points (Source: Reuters)

• To make positive use of fiscal policy
• Will continue to crack down on illegal financial activities, institutions
• Current macro leverage levels for China stabilizing
• Will balance stabilizing growth and risk prevention