China sending ‘clear message’ with quantitative easing warning as US prepares to raise debt ceiling

//China sending ‘clear message’ with quantitative easing warning as US prepares to raise debt ceiling

China sending ‘clear message’ with quantitative easing warning as US prepares to raise debt ceiling

China has sent a “clear message” over its disapproval of expansionary monetary policies, especially the asset purchases widely favoured in major Western countries to combat the impact of the coronavirus, following comments by the head of its central bank.“China currently doesn’t need to conduct asset purchases,” Yi Gang, governor of the People’s Bank of China (PBOC), wrote in a 5,800-word article in the September issue of Financial Research on Tuesday.“Conditions allow this because the country…

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By | 2021-09-29T08:59:53+00:00 September 29th, 2021|World|Comments Off on China sending ‘clear message’ with quantitative easing warning as US prepares to raise debt ceiling