Besides, it should try to reform the exchange rate system

and enhance th上海夜网女神会所e yuan’s exchange rate flexibility, so as to promote its internationalization and minimize the impact of the US’ monetary policy adjustme

nts on the Chinese economy. China’s monetary policymakers should use flexible policy tools, pay attention to the cha

nging trend of such economic variables as price levels, exchange rates and long-term interest rates, and take me

asures to offset the spillover effects caused by US monetary policy adjustments.

Qualitative growth can tamp up economic base

China also has to build a modern industrial system and transform its econom

ic growth model to tamp up its economic foundation. It should create a policy environment that would prompt the fin

ancial sector to better serve the real economy and more effectively prevent economic and financial risks.

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