Economics
PBOC Has Limited Easing Room, Says Former Central Bank Adviser
- Policy will likely be flexible and targeted, Huang Yiping said
- Peking University professor says China growth to slow further
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China’s fiscal policy will provide the main support to economic growth next year while significant monetary easing is unlikely, according to a former adviser to China’s central bank.
“The economy overall really is still okay and we will see average growth this year at around 8%,” Huang Yiping, a former member of the People’s Bank of China’s monetary policy committee, said in an interview with Bloomberg TV. “So the need for aggressive easing is quite limited.”