FACTBOX - RECENT COMMENTS FROM CHINA'S TOP ECONOMIC ADVISERS
Reuters, February 18, 2012
BEIJING/SHANGHAI (Reuters) - China has pledged to keep monetary policy prudent and fiscal policy pro-active to stabilise economic growth while keeping inflation under control after ending a policy tightening cycle by cutting banks' required reserve ratios (RRR) in November.
Below are comments from leading advisers and former officials. They do not have direct influence over economic policy, which is set by the senior government leadership, but their recommendations are sometimes adopted.
LI DAOKUI, ACADEMIC ADVISER TO THE PEOPLE'S BANK OF CHINA
* Li sits on the central bank's monetary policy committee to provide advice on interest and exchange rate policy.
Li expects that China's economy will grow by 8.5 percent in 2012, and that consumer inflation will moderate to about 3 percent, eased by falls in food prices.
He said the biggest risk to the Chinese economy lies in the real estate market, and expects both transaction volumes and property prices to drop this year.
Source: China Securities Journal, February 18.
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