People's Bank of China governor Zhou Xiaochuan reported in the Shanghai Securities News:

  • Said monetary policy can help supply-side economic restructuring succeed by more appropriately managing demand

Zhou speaking to reporters following a session of the Chinese People's Political Consultative Congress

Reuters with the headlines

The weekend news and reports from the National People's Congress (the People's Political Consultative Congress Zhao was reported from is running alongside) is indicating a loosening of the reins in China, a more active stance on boosting the economy. This despite (or maybe because of) the lowering of the 2015 GDP target to 6.5 - 7% (from the 'around 7%' in 2015)