No need for more tightening: Official

Does China need to further tighten its macro-control measures? How can China strike a balance between economic growth and lower inflation? Can China realize its goal of preventing excessive price rise in the second half of this year? Liu He, vice-minister of the Office of the Central Leading Group of Financial and Economic Affairs, offered answer to questions such as these in an interview given to People's Daily. Following are excerpts of that interview.

Q: President Hu Jintao recently said the government should "keep the policy stable" and "fine-tune the policy when necessary". What's the implication of these comments?

A: As for keeping the policy stable, I think there are several aspects. First, there is no need to further tighten the marco-control measures. Given the economic environment, the current measures are already appropriate.