男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Finance

China can expand monetary policy, ex-governor of PBOC says

By Li Xiang | chinadaily.com.cn | Updated: 2019-11-21 14:05
Share
Share - WeChat
Zhou Xiaochuan (right), former governor of the People's Bank of China. [Photo/VCG]

China still has room for monetary policy expansion as the country's interest rates are not as low as they are in advanced economies, Zhou Xiaochuan, former central bank governor, said on Thursday.

Zhou said it requires cooperation with fiscal policy and structural reforms for monetary policy to be effective and successful in stimulating growth and preventing crisis from happening.

The former governor of the People's Bank of China warned about the situation of zero lower bound, which occurs when the short-term nominal interest rate is at or near zero, causing a liquidity trap and limiting the capacity of the central bank to stimulate growth.

"If you get into zero lower bound, it is very difficult for the central bank to play positive roles. Now we are in a period of very low interest rates. We need to try our best to avoid getting into zero lower bound before the crisis happens," Zhou said at a panel discussion at the New Economy Forum in Beijing.

Zhou also warned about the risks of growing trade frictions and trade wars, which he said could bring the world economic growth down.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 朔州市| 江油市| 柘城县| 贵阳市| 从江县| 闽清县| 宁晋县| 华亭县| 永仁县| 东港市| 乐业县| 张掖市| 阿鲁科尔沁旗| 武强县| 长垣县| 堆龙德庆县| 星子县| 泗水县| 吉安市| 双牌县| 昭平县| 连城县| 成武县| 延寿县| 饶阳县| 遵义县| 泰来县| 紫金县| 西华县| 咸阳市| 佛山市| 阜南县| 禄劝| 中山市| 延庆县| 红河县| 南乐县| 沙坪坝区| 蕉岭县| 柳江县| 固安县|