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China is likely to set its lowest.......>

CHINA PRESS
CHINA PRESS: China is likely to set its lowest money growth target in history
next year, at around 9%, after top policymakers pledged to control the "master
valve" of total money supply, which is recognized as the origin of the surging
debt burden and the trigger of asset bubbles, China Daily reported Monday,
citing Li Yang, director of the National Institution for Finance and Development
at the Chinese Academy of Social Sciences. Li said the goal is not only the top
target for 2018 but also for the next three years, as financial risks become the
biggest threat to China's economic stability in the medium term and long term.
Single-digit growth in the broad money supply, or M2, is likely during the
coming year, which will be close to its real growth this year, Li noted. (China
Daily)
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