NDRC: Chinese economy is expected to improve further in the second half of 2014 via ForexLive

China Securities Journal (via MNI) reports on the price monitoring center of the National Development and Reform Commission:

• Chinese economy is expected to improve further in the second half of 2014
• Inflation is seen stable – full year CPI growth estimated at around 2.3%
• Said the PBOC should not boost overall liquidity any more via monetary policy given the fast M2 growth at the end of June
• Said the government should look to gradually relax or totally lift housing purchase limits to prevent a sharp and overly-rapid fall in prices

posted via ForexLive