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China’s economic growth next year to be supported by fiscal policy, ‘limited’ need for ‘aggressive’ monetary easing

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[unable to retrieve full-text content]China’s fiscal policy will provide the main support to economic growth next year while significant monetary easing is unlikely, according to a former adviser to China’s central bank.“The economy overall really is still OK and we will see average growth this year at around 8 per cent,” Huang Yiping, a former member of the People’s Bank of China’s (PBOC) monetary policy committee, said in an interview with Bloomberg TV.“So the need for aggressive easing is quite limited.”The PBOC will have to act…

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[unable to retrieve full-text content]
China’s fiscal policy will provide the main support to economic growth next year while significant monetary easing is unlikely, according to a former adviser to China’s central bank.“The economy overall really is still OK and we will see average growth this year at around 8 per cent,” Huang Yiping, a former member of the People’s Bank of China’s (PBOC) monetary policy committee, said in an interview with Bloomberg TV.“So the need for aggressive easing is quite limited.”The PBOC will have to act…

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