Monetary policy to stay tight: Economist

Cutting debt ratio will remain one of policymakers' priorities to control financial risks

Chinese monetary policy may remain relatively tight in the near future, as cutting the debt ratio will remain one of policymakers' priorities aimed at controlling financial risks, a leading economist said on Wednesday.

Without controlling the original source of credit, or the monetary base, any financial deleveraging effort will be discounted, said Li Yang, director of the National Institution for Finance and Development (NIFD) under the Chinese Academy of Social Sciences.