The Chinese Premier Li Keqiang said on Friday that China's economy still faces relatively big downward pressures and timely policy fine-tuning is needed. We should use appropriate policy tools and pre-emptive fine-tuning in a timely and appropriate manner to help resolve financing strains for the real economy, especially small firms' difficulties in financing and high borrowing costs, he said. Such policy fine-tuning should help maintain reasonable growth in money supply and bank credit, he said.
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