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China can prevent asset bubbles and rapid rise in debt levels - central bank economist

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Reuters BEIJING

BEIJING (Reuters) - China's monetary policy will be prudent and neutral in 2017, which will help prevent asset bubbles and a rapid rise in debt levels, central bank chief economist Ma Jun said on Thursday.

Such policy will also help keep economic growth at a reasonable rate, according to a transcript seen by Reuters of a speech Ma made in Singapore.

China's consumer price index is likely to rise around 2.5 percent this year, the transcript said.

China is studying plans to appropriately extend interbank bond market trading hours, it also said.

(Reporting by Beijing Monitoring Desk; Editing by Richard Borsuk)

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First Published: Feb 23 2017 | 4:12 PM IST

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