Fan Jianping, chief economist with the State Information Centre, feels tightening China’s macroeconomic policy too early would have an adverse impact on the country’s economic development.
He (hope it’s a bloke) added that liquidity would remain adequate in the second half of the year saying “In the second half there will not be any major changes to liquidity and it will be sufficient to meet the needs of econmic development.”
Fan told a financial forum that China must achieve the economy’s potential growth rate of 9.8% for several consecutive quarters and see inflation at the long-term average level of about 3% before attempting to alter it’s macroeconomic policies.
