"We will fine-tune monetary policy in an appropriate and timely manner according to the economic situation, and will use various monetary tools to keep a reasonable growth in money and credit," one statement said.
Beijing has been "fine-tuning" monetary and fiscal policy since last autumn, when a softening of demand from the European Union — China's biggest export market — and the effects of domestic policy tightening had left companies struggling.
It's the Fed's job to fine-tune monetary policy to keep it in check and avoid runaway inflation or even worse, deflation, a precursor to recession.
This puts monetary value, to the tune of £30bn annually, on such leisure and natural benefits of the countryside as fresh air, open space, water courses and species survival.
A week ago Theresa May's conference speech surprised many observers with a radical change of tune: "While monetary policy with super-low rates and quantitative easing have provided emergency medicine, we have to acknowledge some of the bad side effects.
First, using monetary policy to fine-tune economic activity is extremely difficult, because of the long and unpredictable delays between changes in interest rates and their subsequent effects on the economy.
By artfully pulling these fiscal levers and turning the monetary valves, politicians could fine tune the economy keeping it in a Keynesian paradise of noninflationary full employment.
Greenspan truly began to think he was a monetary philosopher king who could fine-tune economic activity by manipulating short-term interest rates.
Monetarists argued that "fine-tuning" through fiscal and monetary policy is counterproductive.
Fine-tuning is the preserve of monetary policy and of Mr. Greenspan, who can respond more quickly than Congress, and is clearly prepared to take the proper steps on interest rates.
