Caixin
Feb 11, 2019 08:01 PM
OPINION

Opinion: To Aid the Private Sector, Financial Policymakers Need to Get Money Flowing

The People's Bank of China's headquarters in Beijing. Photo: VCG
The People's Bank of China's headquarters in Beijing. Photo: VCG

If China’s policymakers want to bolster the country’s struggling private sector, they’ll need to fix the inefficiencies that have prevented monetary policy from being as effective as it could be.

The People’s Bank of China (PBOC) recently stated that the core of the monetary policy transmission mechanism is the commercial banks. However, the banks are constrained by liquidity, capital and interest rates.

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