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 has resisted cutting benchmark interest rates or buying bonds to pump money directly into the financial system. Photo: Reuters
Economy /  China Economy

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

Amanda Lee
Amanda Lee in Beijing

Updated: 9:00pm, 11 Apr, 2021

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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 has resisted cutting benchmark interest rates or buying bonds to pump money directly into the financial system. Photo: Reuters
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