China Unlikely to Tighten Money Policies: Daily

China will likely refrain from tightening monetary policy due to external and domestic uncertainties and will continue to expand M1 and social financing at reasonable rates, according to Dong Ximiao, a researcher with Renmin University. Writing in the Economic Information Daily on Tuesday, Dong said China's future monetary policies should be more targeted and precise and implemented in a timely manner. Policies such as targeted RRR cuts for small and medium banks to better support small businesses, rediscount policies and monetary tools to push financial institutions to help release pressure on small businesses to repay loans are all part of the moderation approach in future policy making, Dong wrote.