Tightening Policy Will Continue – Xin Zhiming

From China Daily:

The central bank said on Friday that it will continue to adopt a “moderately tight” monetary policy in the coming months to keep the economy on the right track.

On the whole, the economy is sound, but “still faces prominent problems such as excessive investment growth, too large a trade surplus and too much lending”, the People’s Bank of China said in a statement on its website after a quarterly meeting of its monetary policy committee.

Moreover, problems such as continually rising inflation and asset prices have also surfaced, the statement said. [Full Text]

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