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Gfma : News on the global financial markets

08/12/2011 GFMA
  Regulatory Roundup 
  Spotlight on China 
  • Think tank urges caution on China's fiscal and monetary policies
    The Chinese Academy of Social Sciences, a leading government think tank, called on the government to maintain prudent monetary policy and stable fiscal policy. The recommendations come amid expectations that the economy will slow next year to 8.9% gross domestic product growth. "The authorities should maintain the current policies. Any further tightening or loosening of monetary policy is inadvisable," said Chen Jiagui, director of the think tank's economic department. China Daily (Beijing)(08 Dec.)