China to use monetary policy tools at appropriate time

Beijing

CHINA'S Cabinet said it would step up support for the economy, vowing to use monetary policy tools at an appropriate time and consider other measures to boost consumption.

Authorities will use various monetary policy tools and enhance the implementation of prudent monetary policy to provide stronger support to the economy, said the readout from a meeting of the State Council chaired by Premier Li Keqiang on Wednesday (Apr 6).