CHINA GDP TO GROW BY 8.5%, 8.9% FOR 2013/2014: OECD; HOLDING TIPS( SELL AT 413.50 TARGET410-402.50)

China government could maintain its loose monetary policy but the policy should be seek to avoid accompanying inflation risks. Local government debt is also an issue the central government needs to address, and the more land needs to be assigned for new housing construction every year to reduce the pressure of increasing housing prices