Controlling financial risks will be.....>

CHINA PRESS: Controlling financial risks will be the next focus for monetary and

fiscal policies, the Economic Information Daily, a newspaper under the official

Xinhua news agency, said Monday. The newspaper based its forecast on the

announcements that followed recent government meetings, adding that prudent

monetary policy will continue. Analysts say that deleveraging and risk

prevention will be major tasks, and that monetary policy will trend neither

tight nor loose, the newspaper said. It also cited comment on Friday from the

China Banking Association's chief economist, Ba Shusong, that returning to a

prudent interest rate level will provide the most beneficial monetary

environment for the steady slowdown of debt ratios.(Economic Information Daily)