PBoC not focused on fine-tuning - deputy

In a paper presented at a China Academy of Social Sciences conference last week, Wu stressed that "stabilisation has been an important task of central bank monetary policy for some time, but the central bank's ultimate goal is maintaining price stability." She added that anti-inflationary government policies have already done most of the work in slowing down investment.

Instead of active macroeconomic fine-tuning, Wu said that the main aim of the PBOC's liquidity management policy is to maint