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19 Feb 2016
China should avoid overly loose monetary policy – PBOC’s Yi
Yi Gang, Deputy Governor of the Chinese central bank (PBOC) is crossing the wires now, speaking at the structural reform forum in Beijing.
Key Headlines:
Over supply and lack of supply exist at same time
China needs structural reform and total demand management
China should avoid overly loose monetary policy
China’s current prudent monetary policy avoids excessive loosening of credit conditions
Excessive loosening of monetary policy will create asset bubble and increase downward pressure on Yuan
Job mkt still good as China labor force shrink
Money policy to prevent overly liquidity inject
Overly loose mon pol may bring depreciation
Key Headlines:
Over supply and lack of supply exist at same time
China needs structural reform and total demand management
China should avoid overly loose monetary policy
China’s current prudent monetary policy avoids excessive loosening of credit conditions
Excessive loosening of monetary policy will create asset bubble and increase downward pressure on Yuan
Job mkt still good as China labor force shrink
Money policy to prevent overly liquidity inject
Overly loose mon pol may bring depreciation