News Headline Summary

According to Chinese press, China set to loosen monetary policy next year

- Says expects a more prudent monetary policy with some loosening in 2013.

Update details:

- These comments are in line with what we've heard at the Central Economic Work Conference.

- China will probably expand the amount of social financing to maintain a moderate increase in loan issuance and keep the CNY's exchange rate basically stable next year.

Print 09:13, 17 Dec 2012 - Economic commentary - Source: Xinhua