Investors watch an electronic board showing the stock prices at a securities brokerage house in Beijing on March 20. Photo: EPA-EFE
Hao Zhou
Opinion

Opinion

The View by Hao Zhou

Chinese stock market’s fast and furious April was rooted in fear of a monetary policy turn

  • While China’s central bank has denied that a big monetary policy change is in the offing, recent signals suggest an era of accommodative policy is at an end

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Investors watch an electronic board showing the stock prices at a securities brokerage house in Beijing on March 20. Photo: EPA-EFE
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Liu Shijin is the deputy head of the China Development Research Foundation and a member of the People’s Bank of China’s monetary policy advisory committee. Photo: Reuters

China needs deeper reform rather than more economic stimulus, central bank adviser says

  • Deputy head of Development Research Foundation Liu Shijin says changes are needed to ensure China can avoid the middle-income trap
  • China’s gross domestic product grew 6.4 per cent in the first quarter of 2019, beating expectations as hopes of a trade deal with the United States increase
Topic |   China economy

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Liu Shijin is the deputy head of the China Development Research Foundation and a member of the People’s Bank of China’s monetary policy advisory committee. Photo: Reuters
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