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

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

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
READ FULL ARTICLE