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Top China Banker Urges Shift in Stimulus

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TIGHTEN UP
"China needs an “urgent” tightening of monetary policy to prevent the huge stimulus measures introduced this year from inflating stock and property bubbles, one of the country’s leading bankers has warned," the Financial Times reports. Qin Xiao – chairman of China Merchants Bank, the country’s sixth-biggest – says in Thursday’s Financial Times that the government should not be afraid of a “moderate slowdown” in the economy."
SOURCE:   Financial Times

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