China won't hike interest rates soon as it exits stimulus: State media

News Snapshot:

China is very likely to exit from some of its stimulus measures as the economy improves, but there won’t be any interest rate hike soon, a leading state newspaper said on its front page Thursday. “If previous rounds of withdrawing stimulus policies are a guide, ‘tight money’ and ‘tight credit’ are inevitable, and policy rate hikes are also normal,” the China Securities Journal said. “However, we shouldn’t see the monetary authority proactively raising the policy rate for some time to come.” While the state newspaper didn’t attribute its view to any policy maker, citing mainly economists instead, a front-page story...