China needs to tighten monetary policy to curb the threat of inflation, economists at a government think tank said on Monday.
Yao Zhizhong and He Fan of the Chinese Academy of Social Sciences wrote in an opinion piece in the official China Securities Journal that it was "necessary to take a monetary policy that is tighter than 'appropriately loose'".
Chinese authorities have repeatedly stated that a loose monetary policy would be retained to foster growth despite growing concerns that the property market is on the verge of overheating.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.