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China Should Not Quit Easing Prematurely: Advisor

MNI (Sydney)

China should avoid withdrawing too soon from policies of fiscal and monetary easing, and should stay on a course of promoting economic growth rather than stabilizing leverage, said Yu Yongding, a researcher at the Chinese Academy of Social Sciences, according to a CF40 Forum blog post. The government has other measures to rein in asset prices other than pulling back easing, said Yu. Consumption is still lagging because people tend to increase savings in times of uncertainties, he said.

MNI Sydney Bureau | +61-405-322-399 |
MNI Sydney Bureau | +61-405-322-399 |

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