China's central bank sees rising downward pressure on economy

BEIJING (Reuters) - China's economy is expected to face bigger headwinds in the coming months and authorities will fine-tune monetary policy in a timely fashion when needed, the central bank said on Thursday in its third-quarter monetary policy report. Reiterating that China will stick to a "prudent" policy stance, the bank nonetheless said that it would like to avoid flooding Chinese financial markets with a surfeit of cash. (Reporting by Shao Xiaoyi and Kevin Yao; Editing by Simon Cameron-Moore)