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China H2 Growth May Be as Slow as 5%: Ex-PBOC Off'l

CHINA PRESS
MNI (Singapore)

China's H2 growth may slow to 5%-7% after recording about 8% in Q2, the Shanghai Securities News reported citing Sheng Songcheng, a former statistics and analysis official at the PBOC. Relatively low inflation pressure in the short term and stable asset prices are the conditions for loosening policies, Sheng was cited saying. The current liquidity looks to be tight given factors such as banks' deposit/loan ratios and maturing MLFs, Sheng said in a forum. While the property sector and local government debt are two major areas of risks, they should be dealt with through macro-prudential management, and not tightening monetary policies, Sheng said according to the newspaper.

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