China's economic performance since......>

CHINA PRESS: China's economic performance since May has beaten expectations and

as a result the central bank may not cut policy and reserve interest rates as

rapidly as it did in earlier months this year, according to a commentary

published by Securities Times. The People's Bank of China is now leaning more on

structural monetary policies to support small-and-medium enterprises and private

companies, and also realise this year's economic development goals, the

newspaper said. The PBOC would conduct open market operations in the future with

an unchanged goal of easing credits, and significantly lowering borrowing costs

for companies in the real economy, the commentary said.