Private investment is low despite a high degree of liquidity in the economy. Photo: Bloomberg

People’s Bank of China official warns of ‘liquidity trap’ and calls for fiscal deficit of 3 to 5pc

China is falling into a liquidity trap where pumping money into the economy has failed to spur private investment, says central bank’s head of analysis

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Private investment is low despite a high degree of liquidity in the economy. Photo: Bloomberg
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