BEIJING: China’s monetary policy is “excessively loose” and needs to be tightened to cool the expansion of credit and avoid the economic relapse that would ensue if lending growth were to slow abruptly, a senior government researcher said in remarks published yesterday.
The tightening call by Ba Shusong, an economist with the Development Research Centre, a think tank that reports to the state council, is the first by a government-linked economist.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
