A woman and child walk past the People’s Bank of China building in Beijing, on March 4. Inflationary pressure is unlikely to be a concern for the central bank. Photo: Bloomberg
A woman and child walk past the People’s Bank of China building in Beijing, on March 4. Inflationary pressure is unlikely to be a concern for the central bank. Photo: Bloomberg
Sylvia Sheng
Opinion

Opinion

Macroscope by Sylvia Sheng

Why China is unlikely to turn to aggressive monetary policy tightening

  • The magnitude of monetary easing looks modest compared with previous cycles, with inflation an unlikely risk and growth taking the weight off debt leverage
  • Moving aggressively would destabilise jobs and SMEs – though that is still a possibility if economic recovery comes faster than expected

Sylvia Sheng
Sylvia Sheng

Updated: 7:03am, 27 Mar, 2021

Why you can trust SCMP
A woman and child walk past the People’s Bank of China building in Beijing, on March 4. Inflationary pressure is unlikely to be a concern for the central bank. Photo: Bloomberg
A woman and child walk past the People’s Bank of China building in Beijing, on March 4. Inflationary pressure is unlikely to be a concern for the central bank. Photo: Bloomberg
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