Caixin
Jan 08, 2019 07:46 PM
ECONOMY

Former Central Bank Chief Sees Room for 'Quantitative Adjustment'

Zhou Xiaochuan, former governor of the People's Bank of China. Photo: IC
Zhou Xiaochuan, former governor of the People's Bank of China. Photo: IC

*Former central bank governor Zhou Xiaochuan China’s monetary policy has room for “quantitative adjustment” and will continue to support “economic growth, the job market and investment”

*However an analyst argued that monetary policy alone is insufficient to make structural changes to the economy and that the country “must push forward fiscal policies such as tax cuts and actively promote market-oriented reforms”

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