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China must control its monetary.........>

CHINA PRESS
MNI (Beijing)
CHINA PRESS: China must control its monetary supply and limit increases in
lending, whic are the most important steps in preventing financial risks, said
Yang Weimin, the deputy head of Central Leading Group on Financial and Economic
affairs, reported the official Shanghai Securities News on Sunday.
- China must further increase supervision of the financial industry, not loosen:
Yang;
- China must continue to deepen supply-side reform, get rid of zombie companies
and excess capacity: Yang;
- Local government most borrow with prudence, not excessively nor through hidden
means: Yang;
- China needs to contain "some bubbles" in the property market of some top
three-tier cities: it needs not to actively "pinch" the bubbles, nor will make
them bigger: Yang.

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