Further monetary easing plans on the way

China is heading into a monetary easing cycle this year, and further policy adjustments will be seen in coming months, a government think tank leader said on Friday.

The action will be taken to avoid a long-term economic downturn, Li Yang, vice-president of the Chinese Academy of Social Sciences, told China Daily in an exclusive interview.

"The government's bottom line for economic growth in 2015 should be 7 percent, and it could be lower next year, as the leadership has shown greater tolerance over the pace," Li said.