China seen loosening monetary policy cautiously in 2013

11/28/2012 |

Facing less pressure from inflation, China's central bank is likely to step forward with a looser monetary policy and lower interest rates in the new year, says Chen Dongqi, a senior researcher with China's top economic planner, the National Development and Reform Commission. But with some economists warning that major stimulus could lead to problems later in the year, Chen said caution is in order for any substantial changes in monetary or fiscal policy.

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