China Policies Favor Growth Over Risks: Herald

China's fiscal and monetary policies will continue to favor growth this year to ensure the economy fully recovers from the pandemic, the 21st Century Business Herald reported citing Guan Tao, the chief economist at BOC International and a former official at SAFE. While the government restated the need to control macro leverage and debt risks it isn't this year's top priority, and the budget deficit was also targeted above the usual 3%-GDP level, Guan told the newspaper. China's opening up means it is likely to tolerate a wider movement of the yuan, which will be decided by a host of factors including the dollar, U.S. policies and both domestic and global economies, he said.