Hands off China's stimulus tap

Despite the Chinese central bank's moves to free up capital for lending, massive monetary stimulus is unlikely as authorities work to avoid a property spike and rising inflation.

China’s central bank will be reluctant to launch a massive monetary stimulus despite the looming threat from the eurozone debt crisis, a former senior official has warned.

China’s former banking regulator, Liu Mingkang, told a conference on Friday that Chinese authorities were unlikely to pressure banks to boost their lending in order to cushion the world’s second largest economy from plunging global demand.

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