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     BEIJING (MNI) - China's financial deleveraging campaign has helped to
prevent hidden risks that could derail stable growth and has also increased the
economy's medium- to long-term resilience, Communist Party spokesman Tuo Zhen
said at a briefing on Tuesday, the eve of the Communist Party's 19th National
     Tuo said China has achieved initial success by abiding policies that
"insist on maintaining stability in the general work guidelines, continue to
implement  proactive fiscal policy and prudent monetary policy, adhere to
supply-side structural reform as the main line" and create a favorable
macroeconomic environment through stable deleveraging and economic growth.
     China has adhered to a multipronged and varied approach to properly manage
the relationship between steady growth and deleveraging and to ensure that
deleveraging does not have a negative impact on economic growth, Tuo added.
--MNI Beijing Bureau; +86 10 8532 5998; email:
--MNI Beijing Bureau; +86 (10) 8532-5998; email:
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