Guo Shuqing, Party secretary of the People's Bank of China

Countries should be more prudent when coming up with monetary and fiscal policies to boost economy against the COVID-19 epidemic, said Guo Shuqing, Party secretary of the People's Bank of China.

"The epidemic may still be alongside with us for a relatively long time. It is still unknown how many economies are planning for new stimulus packages. But it is our advice that regulators should save some room for the future," Guo said.

"China values very much our regular monetary and fiscal policies. We will not pour cash into the market or adopt monetization of financial deficit. Negative interest rate will neither be implemented," he added.