China Securities Journal (via MNI) reports on the price monitoring center of the National Development and Reform Commission:

  • Chinese economy is expected to improve further in the second half of 2014
  • Inflation is seen stable – full year CPI growth estimated at around 2.3%
  • Said the PBOC should not boost overall liquidity any more via monetary policy given the fast M2 growth at the end of June
  • Said the government should look to gradually relax or totally lift housing purchase limits to prevent a sharp and overly-rapid fall in prices