The annual China World Economic Forum meeting opened in Tianjin on September 18, 2018. Speaking at a session on 'China's financial opening', Liu Shijin, Vice Chairman of the China Development Research Foundation and Member of the Central Bank's Monetary Policy Committee, implied a loosening of monetary policy to further support economic growth by saying that the central bank will provide a reasonable and sufficient supply of funds for the economy. Assessing the Chinese economy, he said "that even without…the trade war, the Chinese economy has now shifted from high-speed to-medium speed." He recommended that "Monetary policy should respond appropriately when an economic downturn is significant, but it can't be too loose, or it will abandon de-leveraging at the half-way point."
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