China Says Deleveraging Campaign Not At Odds With Growth

     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

Congress.

     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: william.bi@mni-news.com

--MNI Beijing Bureau; +86 (10) 8532-5998; email: vince.morkri@marketnews.com

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