Central Bank Adviser Li Says China Must Keep Policy Stable, 21st Reports

China central bank adviser Li Daokui said the government must keep its macroeconomic policies stable in the second half of this year, the 21st Century Business Herald reported today.

Li said he doesn’t support changes in monetary policy, the newspaper reported. China’s trade surplus won’t continue to grow in the second half, the report cited Li as saying. The nation should also remain alert on inflation in the second half, Li was cited as saying.

China’s economy may grow about 10.2 percent this year, the newspaper cited Li as saying. During the next decade, China’s economy will preserve a growth of more than 9 percent, the report cited Li as saying. China in the long term should maintain a tight monetary policy and loose fiscal policy, Li was cited as saying.

To contact the reporter on this story: Zhe Huang in Beijing at zhuang37@bloomberg.net