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Free AccessChina should not relax its capital......>
CHINA PRESS: China should not relax its capital control at present, Yu Yongding,
a researcher with the Chinese Academy of Social Sciences and a former member of
the Monetary Policy Committee, said Tuesday at a financial summit hosted by the
China Business News. One lesson China should learn from the Southeast Asia
financial crisis is that the control of capital flows should not be lifted
prematurely, Yu noted. Monetary policy should not be too tight in 2018 so as to
maintain the economic growth at around 6.5%. The government will rely more on
fiscal policy rather than monetary policy to support economic growth next year,
while investment in the property sector will slow further and infrastructure
investment will decelerate, Yu argued. China should launch the residential
property tax as soon as possible, Yu said. (China Business News)
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.