China will implement a steady...........>

CHINA PRESS: China will implement a steady monetary policy, while fine-tuning

policy and maintaining liquidity at a proper and sufficient level in the second

half of the year, Shanghai Securities News reported, citing a statement from the

PBOC. 

  - The PBOC will enhance communication with the market on policy

implementation, and will improve the perceptiveness, flexibility and

effectiveness of monetary policy, the newspaper said. 

  - The PBOC has tweaked its policy wording from "tightly controlling" to

"monitoring" money supply in the statement, signaling that money supply will not

be too tight but a major flood of credit in the next stage will also be avoided,

the newspaper said, citing Zeng Gang, vice director of National Institution for

Finance and Development.