Guan Tao, head of the international payment department of the State Administration of Foreign Exchange, over the weekend stated that stronger capital control were essential to maintaining stability in the Chinese currency and price level, reported the South China Morning Post. Fear of increased foreign capital inflows due to the global recovery have forced Chinese regulators to seek more targeted measures as a cumulative US$60 billion in hot money has flowed into China since September and the monthly inflow is anticipated to double as the yuan strengthens in 2010. Economists expect Beijing to effect more stringent monetary policy measures in the coming months, including an increase in the required reserve ratio.