Caixin
Jul 04, 2018 07:50 PM
FINANCE

Quick Take: PBOC Adviser Says Regulators Will Avoid Excessive Deleveraging

A member of the monetary policy committee of China’s central bank (pictured) says that regulators will avoid a “one-size-fits-all” approach to deleveraging. Photo: VCG
A member of the monetary policy committee of China’s central bank (pictured) says that regulators will avoid a “one-size-fits-all” approach to deleveraging. Photo: VCG

Ma Jun, a member of the central bank’s monetary policy committee, indicated that policymakers may be shifting their approach to implementing the government’s campaign to cut debt in the Chinese economy.

Ma, previously the head of the research bureau at the People’s Bank of China (PBOC), said financial watchdogs would not take a “one-size-fits-all” approach to deleveraging that could involve the excessive use of measures to reduce leverage at the aggregate level.

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