Top Chinese official calls for economic slowdown

10/22/2009 | Financial Times (tiered subscription model)

Qin Xiao of China Merchants Bank said the Chinese government needs to enact a "moderate slowdown" of the economy to avoid asset bubbles. "Monetary policy must not neglect asset-price movements," he wrote in a Financial Times commentary. "Therefore, it is urgent that China shifts from a loose monetary policy stance to a neutral one."

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