The coordination of fiscal and..........>

CHINA PRESS: The coordination of fiscal and monetary policies needs to be

improved to stabilize inflation, boost the economy, ensure employment growth and

achieve a balance of international payments, the Financial News, a journal run

by the People's Bank of China, said in a commentary Monday. The two policies

have different functions and focuses but can be complementary and so should

increase interaction, the commentary argued. In the process of deleveraging and

reducing overcapacity, monetary policy should improve the distribution of

financial resources, while fiscal policy should enhance structural adjustments

and control the growth of local government debt. The key to effective financial

reforms is strengthening budget management and unifying fiscal and financial

policies, the commentary added. (Financial News)