Economics
Ex-PBOC Advisers Say China Able to Cut Rates as Fed Tightens
- Beijing has more than six months of easing window, Huang says
- Refined capital controls to lessen impact of policy difference
The People's Bank of China in Beijing.
Photographer: Andrea Verdelli/BloombergThis article is for subscribers only.
The People’s Bank of China’s policy divergence from the Federal Reserve won’t constrain its ability to lower interest rates again if the economy needs it.
That’s the summary of views from two former advisers to the PBOC and a former foreign exchange regulator, who say the $18 trillion economy that’s tipped to grow at least 5% will continue to attract foreign investors, even as the Fed hikes.