China’s central bank has resisted cutting benchmark interest rates or buying bonds to pump money directly into the financial system. Photo: Reuters
China’s central bank should be more like the Fed, top researcher says
- The rapid rise of local government borrowing is the biggest systemic risk in China today, CASS researcher Zhang Bin says
- Beijing should take its lead from the US Federal Reserve and adopt a more aggressive monetary policy
Follow your favourite topic and get notified
China’s central bank has resisted cutting benchmark interest rates or buying bonds to pump money directly into the financial system. Photo: Reuters