Ex-Chinese central bank governor Zhou Xiaochuan has warned about potential side effects from US money printing. Photo: SCMP
Ex-Chinese central bank governor Zhou Xiaochuan has warned about potential side effects from US money printing. Photo: SCMP

US money printing to fund deficit poses major risk for 2021, says ex-China central bank official

  • Zhou Xiaochuan, who led the People’s Bank of China between 2002-18, says modern monetary theory will have ‘side effects’
  • Global inflation, asset bubbles and the consequences of quantitative easing will be major issues next year, the economist says

Topic |   Quantitative Easing
Ex-Chinese central bank governor Zhou Xiaochuan has warned about potential side effects from US money printing. Photo: SCMP
Ex-Chinese central bank governor Zhou Xiaochuan has warned about potential side effects from US money printing. Photo: SCMP
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