China: need for gradual monetary loosening policy

Note: This section contains information in English only.
Source: China.org.cn

China's analysts urge government officials to implement a gradual monetary easing policy to escape faster than projected slowdown of the economy in 2012. The calls appeared after the government released statement saying that the prudent monetary policy would mostly stay unchanged next year. The country has to ease its monetary policy to decelerate the fell in economic growth, said Qu Hongbin, chief economist at HSBC Holding Co Ltd.

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