Bloomberg News

China Shouldn’t Change Overall Policy Stance, PBOC Adviser Says

November 09, 2011

Nov. 9 (Bloomberg) -- China shouldn’t change its overall monetary policy stance and shouldn’t backpedal on its property curbs, Li Daokui, an adviser to the nation’s central bank said.

The government should give fiscal support to new companies rather than pouring money in to save small and medium-sized enterprises, he told reporters at a conference in Beijing today.

It’s natural that amid China’s efforts to restructure its economy some smaller companies will be squeezed out, he said.

Li reiterated his estimate that inflation will ease to 2.8 percent next year.

To contact the editor responsible for this story: Nerys Avery at navery2@bloomberg.net


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