China to Keep Monetary Policy Stable, says Daily

China's State Council meeting held on Wednesday hinted that stable monetary policies would be maintained without significant changes in the current environment, the Economic Information Daily reported citing Wang Yifeng, an Analyst from Everbright Securities, Commenting on the readout of the weekly meeting chaired by Premier Li Keqiang, Wang said that China is likely to make targeted adjustments to reduce overall financing costs and further nurture economic recovery. The policy direction reflected that China's economy had recovered most of its potential following the pandemic, the Daily said.