PBOC Signals Less Appetite for Stimulus as Outlook Improves
- Ma Jun says central bank will pay more attention to macro risk
- Goldman joins firms upgrading China GDP growth forecast
Is China Reaching a Make-or-Break Moment?
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China’s central bank is signaling less of an appetite for expanding monetary stimulus following evidence of an acceleration in growth that has led some private economists to upgrade their forecasts.
While the People’s Bank of China hasn’t issued an official statement of a change in policy stance, the first signal of a shift came Monday in a commentary by the state news agency Xinhua. While monetary policy will maintain a certain degree of looseness in coming months, prudence will feature more prominently than last year, Xinhua said.