Illustration: Timothy Mcevenue. See: www.timothymcevenue.net
Yu Yongding
Opinion

Opinion

Yu Yongding

To jump-start China’s sluggish economy, Beijing needs to use all its fiscal and monetary policy tools

  • Yu Yongding says the Chinese central bank can’t devise an effective monetary policy when it is juggling too many tasks, including keeping the yuan stable. Beijing can’t obsess about currency stability, when it needs to prevent a financial crisis

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Illustration: Timothy Mcevenue. See: www.timothymcevenue.net
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