As the inflation rate in China is comparatively low and is not expected to get worse, monetary policy would have some wiggle room, he said.

The Fed's anti-inflationary stance derives from the lack of wiggle room left for it to adjust its monetary policies, especially during the first six months of this year, said Ethan Wang, head of investment strategy for wealth management at Standard Chartered China.

This increased wiggle room for economic stability and its significance for the Chinese economy is expected to be further revealed in the future, Wang said.

"He cited the strong resilience, great potential and ample wiggle room of the Chinese economy, saying that it has already shown marginal improvement in May, with main indicators picking up.

Fortunately, while overall policy wiggle room is not unlimited, structural optimization can be another focus of monetary moves next year.

Third, China still has a relatively large space for policy moves, and even more wiggle room when it comes to central fiscal and monetary measures that can be coordinated to boost easing.

This has limited the wiggle room to adjust the country's fiscal policy accordingly.

It added that China's foreign exchange reserves are expected to stay generally stable with the support of the strong resilience, great potential, considerable wiggle room and sound long-term fundamentals of the Chinese economy.

The expected monetary tightening by the Federal Reserve of the United States may squeeze China's policy wiggle room to stimulate economic growth, but it is unlikely to pose major difficulties to the country, said a senior economist.

Financial institutions have more wiggle room with lending, and their loan business is expected to grow bigger and more significant.