Ba Shusong: Avoid Overly Relaxed Credit Availability

\"Credit availability in China is overly relaxed for coping with the current crisis，\" Ba Shusong， deputy director-general of the Institute of Financial Studies， the Development Research Center of the State Council， recently asserted. \"The availability of credit this year will surpass RMB eight trillion.\" The economist pointed out that a relaxed supply of credit is helpful in reducing antici-pated deflation and stabilizing a nervous market， However， once these effects have been realized， \"Continuing an overly relaxed contingency policy might have negative effects，\" He suggested returning to a moderate currency policy after economic indexes indicate stability has been achieved， preventing the \"possible impacts that drastic fluctuations of credit availability might bring to the economic system and possible pressure on banks in the future.\"