No major stimulus in the pipeline

Govt will make dynamic assessment of monetary policy, says senior official

China plans to roll out more measures to stabilize growth amid downward pressure but will not resort to a massive stimulus package, according to senior officials with the nation's top financial regulators.

Zhu Hexin, deputy governor of the People's Bank of China, the central bank, said the government will make a dynamic assessment of the current monetary policy, while making good use of existing tools to channel funds to the non-financial sector.