BEIJING, July 18 China's central bank may crank
up the scale of a re-lending programme and introduce new
monetary tools to maintain the liquidity condition at an
appropriate level in the second half of the year, a senior
official told the official Xinhua news agency on Friday.
Sheng Songcheng, the head of the central bank's statistics
department, was quoted by the Xinhua as saying that there is no
need to worry about excess liquidity for 2014.
He said the growth rate for bank lending may slow in the
second half of this year compared with the first six months,
(Reporting by China Economics Team; Editing by Richard Borsuk)