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Expert urges prudence in managing economy

by Seyoon Kim

CHINA should tighten monetary policy, allow its currency to strengthen and try to cool the economy, said Yu Yongding, a former adviser to the People's Bank of China. "Somehow we have to tighten monetary policy...

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<p><a href="http://www.shanghaidaily.com/sp/article/2008/200806/20080616/article_363341.htm"> Expert urges prudence in managing economy </a> by -- CHINA should tighten monetary policy, allow its currency to strengthen and try to cool the economy, said Yu Yongding, a former adviser to the People's Bank of China. "Somehow we have to tighten monetary policy... </p>