Zhou, who was speaking at a closed-door session
at the Tsinghua University, was also reported by Phoenix New
Media Ltd as saying the central bank would only "fine-tune" its
policy to counter economic cycles.
There has been market speculation that China may reduce the
amount of cash commercial banks must hold as reserves at the
central bank to shore up its economic growth, which fell to an
18-month low in the first quarter.
(Reporting by Koh Gui Qing; Editing by Clarence Fernandez)
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