Tightened monetary policy expected

Experts: Money supply slowdown should be key to easing debt ratio

China's monetary policy is on the way to being further tightened, aiming to curb the soaring debt growth especially in State-owned enterprises and local governments, a former central bank policy advisor said.

"China is wise and capable of tackling risks and challenges" even if the financial sector enters into a phase of "risk explosion", said Li Yang, director of the National Institution for Finance and Development, or NIFD, under the Chinese Academy of Social Sciences.