Tighter money policy in China likely to be delayed

03/3/2013 | Bloomberg

Signs of a still struggling Chinese economy may mean no monetary tightening anytime soon. "China's recovery is mostly based on fiscal and monetary stimuli unleashed in the fourth quarter of 2012 mainly through infrastructure investment and a housing market recovery. The private sectors are still struggling with an overcapacity problem," said Shen Jianguang, chief Asia economist at Mizuho Securities Asia in Hong Kong.

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