China Monetary Policy to Remain Moderately Loose In H2: Newspaper

China's monetary policy will remain moderately loose with no obvious tightening or easing in the second half and the policy interest rate may not change, Yicai.com reported citing analysts. The monetary authorities will closely watch for possible external shocks including the tapering of easing by the U.S. Federal Reserve and the pandemic situations in neighboring countries, the newspaper said citing Ming Ming, deputy research head of CITIC Securities. Ming recommended increasing policy coordination and fiscal expansion if external factors make monetary easing difficult, the newspaper said.