Tweaks to policy proposed to tackle slowdown

Policy fine-tuning was proposed on Friday to prevent the economy from slowing further after top decision-makers reviewed economic performance in the first quarter.

There is no need to change current fiscal and monetary policies, because growth is still within the targeted range, according to a meeting of China's core leadership chaired by President Xi Jinping.

Despite a slowdown, economic performance in the first three months also featured a relatively good job market, low inflation and balanced trade. There were also positive structural changes, according to a communique from the meeting.