Tighter policies expected

By PARISTA YUTHAMANOP from the Bangkok Post :

China is likely to tighten monetary policy by continuing to raise interest rates rather than adjust its current dollar peg to avoid a financial crisis, according to Andy Xie, chief economist for Asia at investment bank Morgan Stanley.

By raising interest rates, Chinese authorities would be able to reduce speculation in the property sector, currently rampant in the eastern part of the country."