China Should Have ‘Moderately Loose’ Monetary Policy

From Bloomberg:

China should have a “moderately loose” and implement “proactive financial policies,” Premier said during a visit to Hebei.

The nation’s economy is at a “key moment,” becoming stable and picking up, Wen said during a June 19-20 trip to the northern province, according to a statement posted on the government Web site today.

“We need to fully realize the stimulus measures,” Wen said, according to the statement. “We should focus on structural adjustment while maintaining economic stability and relatively fast growth.”

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