China Central Bank Adviser Proposes Structural Reforms to Revive Economy

China Central Bank Adviser Proposes Structural Reforms to Revive Economy

China has limited room for further monetary policy easing, and it should pursue structural reforms such as encouraging entrepreneurs rather than counting on macroeconomic policies to revive growth, a central bank adviser said on Sunday. Liu Shijin, a member of the People's Bank of China's (PBOC) monetary policy committee, told a financial forum in Shanghai that Beijing's room for monetary policy easing was limited by widening interest rate diffe…

China central bank adviser proposes structural reforms to revive economy

SHANGHAI (Reuters) - China has limited room for further monetary policy easing, and it should pursue structural reforms such as encouraging entrepreneurs rather than counting on macroeconomic policies to revive growth, a central bank adviser said on Sunday. Liu Shijin, a member of the People's Bank of China's (PBOC) monetary policy committee, told a financial forum in Shanghai that Beijing's room for monetary policy easing was limited by wid…

China central bank adviser proposes structural reforms to revive economy

SHANGHAI : China has limited room for further monetary policy easing, and it should pursue structural reforms such as encouraging entrepreneurs rather than counting on macroeconomic policies to revive growth, a central bank adviser said on Sunday.Liu Shijin, a member of the People's Bank of China's (PBOC)

China's central bank adviser proposes structural reforms to revive economy

China's room for further monetary policy easing is limited, according to a central bank adviser. Instead of relying on macroeconomic policies, the adviser suggests pursuing structural reforms such as encouraging entrepreneurship to revive growth. The economy has struggled despite previous monetary and fiscal measures, with weak consumption, falling exports, and a deepening property debt crisis.