Experts: More room for nation to back real economy

With monetary tightening in the United States expected to slow down, China is likely to have greater room for monetary easing and witness a softer deceleration in external demand, helping the nation to achieve stable full-year economic growth of above 4 percent, experts said on Thursday.

While the US Federal Reserve approved a bold interest rate hike of 75 basis points for the second straight month in July to combat inflation, Fed officials agreed "it likely would become appropriate at some point to slow the pace of policy rate increases", according to the minutes of their July meeting, which were published on Wednesday.

The pace of rate increases, the Fed minutes said, will depend on the implications of incoming information for US economic outlook and risks to the outlook.