Both China's economic growth and........>

CHINA PRESS: Both China's economic growth and inflation will decline this year,

so macroeconomic policies should play a more important role as there is limited

room for easier monetary policy, the Securities Times on Monday citing Zhang

Ming, researcher at Institute of World Economics and Politics under Chinese

Academy of Social Sciences. The key is to see how proactive the fiscal policy

will be, Zhang added.

- The focus is on whether the government will break the 3% deficit-to-GDP

ceiling, increase local special bonds issuance to more than CNY2 trillion, as

well as expand the scale of government bonds. It is also of concern whether any

fiscal easing will be mainly based on tax cuts or adding government spending,

the newspaper said citing Zhang.