MNI BRIEF: China To Continue Active Macro Policies

Beijing will continue implementing active macro policies to enhance economic momentum, according to Fu Linghui, spokesperson for the National Bureau of Statistics on Monday.

"China's policy tool box has sufficient reserves," Fu said, adding the economy had showed resiliance despite external uncertainty.

Speaking to reporters, Fu noted falling commodity prices had driven the 3.8% year-on-year drop in import performance so far this year.

Fu added that China's import performance was adversely impacted by some countries increasing restrictive trade measure.

However, the import of industrial goods had expanded 6% year-on-year between January and May, Fu said. 

The framework reached during China-U.S. talks in London could pave the way for a trade deal by mid-August,Chinese policy advisors and former officials recently told MNI. (See MNI: China Advisors Hopeful Of US Trade Deal)