PBOC chief Yi Gang says the central bank will continue to implement a prudent monetary policy. Photo: EPA-EFE

China will not resort to quantitative easing, central bank chief Yi Gang says

  • ‘We should not let the money held by the Chinese people become worthless,’ People’s Bank of China governor Yi Gang says
  • Beijing will not resort to a competitive devaluation of the yuan
Topic |   People’s Bank of China

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PBOC chief Yi Gang says the central bank will continue to implement a prudent monetary policy. Photo: EPA-EFE
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China’s monetary authority faces ongoing pressure to shore up the economy, which slowed to a near 30-years low of 6 per cent in the third quarter and is slated to drop further. Photo: Reuters

China should learn global financial crisis to combat economic slowdown, central bank says

  • People’s Bank of China pressured to cut interest rates to stabilise economic growth, but senior official says country should use ‘institutional advantages’ instead
  • Comments come days ahead of the Central Economic Work Conference, at which top officials will set the economic policy priorities for 2020
Topic |   China economy

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China’s monetary authority faces ongoing pressure to shore up the economy, which slowed to a near 30-years low of 6 per cent in the third quarter and is slated to drop further. Photo: Reuters
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