Monetary policy should not be...........>

CHINA PRESS: Monetary policy should not be regarded as powerful a tool as

before, as that belief has significantly affected China's economy in the past

years, Economic Information Daily said in a commentary. 

  - Many problems within China's economy were fundamentally due to the previous

growth model that overly emphasised growth speed and a loose monetary policy,

the newspaper said; 

  - Frequent use of structural tools could result in too much monetary supply,

and is not in line with the prudent and neutral characteristics of monetary

policy; 

  - The balance of policy targets should be reached by various measures and

deepening reforms, instead of relying solely on monetary policy, the commentary

said.